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How does prime factor into lending?

Updated: 8/18/2019
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9y ago

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Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with good credit, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.

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Q: How does prime factor into lending?
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Related questions

Which websites carry details on prime lending rates?

You can find information on prime lending rates at www2.primelending.com.


What is RPLR?

Retail prime lending rate which usually the bank's lending rate for the loan


Is a factor a prime number?

A factor can or cannot be a prime number Ex: 2 is the factor of all other even numbers its a prime number but 9 is a factor of 18 and its not a prime number A prime is a factor but a factor being a prime number varies


How do you calculate prime lending rate?

Prime lending rate can be calculated by adding 300 basis points to the Federal Funds Rate, assuming you live in the U.S.


What do BPLR mean?

Benchmark Prime Lending Rate


What is current prime lending rate of SBI?

14.75%


Where do I find the prime lending rate of the different banks?

You can find information on the prime lending rate at the following website...www.finaid.org/loans/prime_libor.phtml or data.worldbank.org/indicator/FR.INR.LEND


Is three a prime factor?

Yes. Any time three is a factor, it is a prime factor.


Is 6 a prime factor of 132?

It is a factor of 132, not a prime factor.


What is a common prime factor?

All numbers have factors. Some factors are prime numbers. A prime factor is a factor that is a prime number. A common prime factor is a prime factor that appears on the list of factors of two or more given numbers.


Is 19 factor or prime?

19 is a prime factor.


Is 35 a prime or a factor?

35 can be a factor, but it is not prime.