What does lpr plus 123 basis points mean?

It means that the interest rate rises 1.23%. The interest rate basis point is actually the unit of measurement of interest rate changes of bonds and bil

What does lpr plus 123 basis points mean?

It means that the interest rate rises 1.23%. The interest rate basis point is actually the unit of measurement of interest rate changes of bonds and bills. 1 basis point is 0.0 1%, plus 123 basis point means that interest rate rises 1.23%.

For example, if a user applies for a loan, the actual loan interest rate will add 123 basis points to the lpr interest rate, and one basis point is 0.0 1%. If LPR=4.8%, plus 123 basis points, the actual loan interest rate is 4.8%+ 1.23% = 6.003.

When users apply for loans, different banks give different points, so they can choose a lower one, so they can pay less interest after applying for loans. However, users must meet the conditions stipulated by the bank when handling loans. If it is not satisfied, the bank will refuse.

After the bank handles the loan, it must return it on time, and there can be no overdue situation, because there will be penalty interest after the overdue, and the longer the time, the more penalty interest. And after loans overdue, the bank will collect it. If the loan is overdue for a long time, the bank will sue the borrower and must return it after the court decides, otherwise it will be enforced.

After loans overdue is returned, it will be uploaded to the credit information center by the bank, which will lead to poor personal credit information and affect the handling of various loans. Moreover, after the arrears are returned, they will continue to be retained in the credit information for 5 years, and will automatically disappear after 5 years. If it is not returned, the overdue record will always be recorded in the credit report.