answersLogoWhite

0

Banks charge interest when providing loans which are called libor rates. These are usually applied to loans that are 1, 3, and 6 years. Libor rates are usually very high because of the popularity of these loans.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is the LIBID rate?

LIBOID is the rate at which (theortically) banks bid for funds in the money market. LIBOR is the offer rate.


What is LIBID Rate?

LIBOID is the rate at which (theortically) banks bid for funds in the money market. LIBOR is the offer rate.


What does LIBOR mean?

London Interbank Offered Rate. It's a benchmark for rates like prime or fed funds rate.


What is the LIBOR interest rate?

London Interbank Offered Rate - LIBOR is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market.


Where to learn about the libor rate?

You can find libor rate history information on the libor stocks website. This website clearly explains in great detail about the libor rate history, and is greatly informative.


What is the full form of libor?

The London Interbank Offered Rate (or LIBOR, pronounced /ˈlaɪbɔr/) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR will be slightly higher than the London Interbank Bid Rate (LIBID), the rate at which banks are prepared to accept deposits.


What does the Libor rate stand for?

The Libor rate is the Libor interest rate used by the banking and mortgage industries. This means that it has something to do with money and homes. It is also a percentage.


What is the work of libor?

Libor or LIBOR is the London Interbank Offered Rate. The way it works is that it is the average interest rate based on estimates by leading banks in London.


What are the going rates for a 3 month libor?

According to Wikipedia a LIBOR is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank lending market). The rates for a 3 month LIBOR this week is 0.25.


Where can the libor rate history be found?

Fed prime rate has libor rate history and all information involved with libor rates. This includes history, definition and rates. It shows the history from September 1989.


How is Libor Rate set by the government?

The London Interbank Offered Rate, or Libor, is the average interest rated estimated by banks in London. The government takes the submitted interest rates and averages them together to set the Libor Rate.


Where can one find the five year LIBOR rate?

This link from the Wall Street Journal has the five year Libor swaps rate