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plr means give loan to best customer
bplr means rbi gives the loan to banks
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What is the rate of interest that banks charge on loans to their best customers?
PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks
Difference between bank rate and PLR?
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
What is the difference between BPLR and base rate system?
Banks gave loans at even lower than BPLR to blue chip companies while charged higher rate of interest from common people. This is why RBI has decided to scrape the BPLR system and introduced a Base Rate that will be applicable from July 1, 2011. Base rate will bring transparency in the loan segment as banks cannot give loans at rates lower than Base Rate.
Benchmark Prime Lending Rate meaning?
According to the Reserve Bank of India (RBI), banks are free to fix the Benchmark Prime Lending Rate (BPLR) with the approval of their respective Boards. Banks are free to decide the BPLR but their interest rates have to have a reference to the BPLR fixed. The BPLR is the interest rate that commercial banks charge their most credit-worthy customers.
Defrence between BPLR and Interest rate?
The Benchmark Prime Lending Rate (BPLR) is a base rate that is generally offered only to the best customers and is used for setting the interest rate for student loans (amongst other loans). The interest rate is typically equal to the BPLR plus some additional amount that helps balance the risk of the customer with the return enjoyed by the bank. For example, the BPLR may be 2.5%, however, the interest rate may be 3.25% on a loan because there is a perceived higher risk with the quality of the loan.
What is BPLR and how it works?
BPLR refers to Benchmark Prime Lending Rate. This is the rate at which most banks grant loans to their most creditworthy trustworthy customers.
What do BPLR mean?
Benchmark Prime Lending Rate
What is statuary liquid ratio?
plr
What is BPLR?
What is BPLR ,Benchmark Prime Lending Rate?The BPLR is the interest rate that commercial banks charge their most credit-worthy customers.According to the Reserve Bank of India banks are free to fix the Benchmark Prime Lending Rate (BPLR) with the approval of their respective Boards. Banks are free to decide the BPLR but their interest rates have to have a reference to the BPLR fixed.About the author:The author Subhrajeet Talukdar founded Apex Finance & Marketing in April 2006 in Mumbai and has launched Eazeeloans.com a loan advisory portal that offers the best loan deals for Personal Loans, Home Loans, Property Loans, Auto Loans, Business loans, Unsecured loans, Unsecured Finance in Mumbai.They have their offices at :B 7/8,Sai Prasad CHS,N C Phadke Marg,Andheri,Mumbai-400069.Maharashtra.India.E Mail:info@eazeeloans.comWebsite: www.eazeeloans.com
What is bplr in banking?
BPLR is the reference rate for banks for pricing their loan products. It is calculated taking into account the cost of funds, operational expenses, and the minimum margin to cover regulatory requirements of provisioning and capital and profit margin. Banks are supposed to lend to their prime customers at BPLR and increase the rate with risk premium in case of sub-prime customers and tenor premium wherever applicable.
Where can you find articles on alcoholism therapies?
You find articles on plr mines, killer plr, plrplr, they are free articles or you can get some one to write an article for
When did change of PLR rate last four years?
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