There are three forms of bank interest adjustments:

1. First, after the central bank’s benchmark interest rate is adjusted, the loan interest rate will implement the new interest rate at the beginning of the following year (usually January 1) ;

2. The second is the full-year adjustment, that is, every time the repayment is completed for one year, the new interest rate will be adjusted;

3. The third is the agreement between the two parties, usually after the bank interest rate is adjusted The new interest rate will be implemented the next month.