Loan Market Quotation Rate (LPR) is quoted by each quotation bank based on the open market operation interest rate (mainly referring to the medium-term lending facility interest rate), and is calculated by the National Interbank Offering Center to provide pricing reference for bank loans. At present, LPR includes two varieties: 1 year and 5 years or more.
html February LPR remains unchanged, amid market expectations. On February 15, when central bank continued to MLF (medium-term lending facility), the winning bid rate remained unchanged. On February 15, the central bank's open market carried out a one-year MLF operation of 300 billion yuan and a seven-day reverse repurchase operation of 10 billion yuan, with the winning rates of 2.85% and 2.10% respectively, the same as before.According to monitoring data from Beike Research Institute, in January 2022, the average mortgage interest rates and loan cycles in 103 key cities have returned to a reasonable level in mid-2021, of which, the mainstream mortgage interest rates in 59 cities have been lowered month-on-month. In terms of loan cycle, the loan cycle in 64 cities has been shortened compared with the previous month, and the loans of banks in four first-tier cities have accelerated.
data also shows that the mainstream first-home mortgage interest rates in 103 key cities monitored in January were 5.56%, and the second-home interest rates were 5.84%, all of which fell by 8 basis points from the previous month. The average loan period in January was 50 days, a 7-day shortening from the previous month.
LPR mortgage calculator helps you calculate monthly payment
Southern Metropolis Daily officially launched the "LPR mortgage calculator". After scanning the poster QR code below the code to enter, as long as you enter the commercial loan amount, years, and original commercial loan interest rate, you can easily figure it out with one click.
Step 1: Open the "LPR mortgage calculator" and click "Compare and see", as shown in the figure:
Step 2: Enter your commercial loan amount, loan term, and loan interest rate.
Assumption: a commercial loan of 2 million yuan, the loan period is 30 years. Before the conversion, your commercial loan interest rate rises by 5%, then the LPR point value and LPR commercial loan interest rate will be automatically calculated. As shown in the figure:
It is worth reminding that the interest rate pricing method agreed in the original contract is converted to a point-based addition to LPR (the point can be a negative value), and the point value will remain unchanged within the remaining period of the contract.
Step 3, and finally click "View comparison" to enter the " vs. results" page. Here, you can also choose the comparison results of " equal principal and interest repayment" and "equal principal and repayment", which is really convenient!
still takes the above assumption as an example. It can be seen that after the repricing date, the monthly payment can be reduced by 190.15 yuan.
Under the illustration, you can also learn more about the total interest amount! Three easy steps to figure out "Is your monthly payment reduced or increased?"
What is more convenient for home buyers is that if you want to know more about LPR conversion, this calculator is powerful, why should you "change anchors" in existing houses? Provident Fund Loan , whether to transfer LPR, can be understood. Come and share it.
Nandu reporter Wang Yanling
