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Prime Rate or Prime Lending Rate is a term applied in countries to reference an interest rate used by banks. In the past, the term indicated the rate of interest at which banks lent to favored agents (those with good credit), however, this is not always the case. Many interest rates are expressed as a percentage above or below Prime Lending Rate.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoIt is the lowest rate that banks lend money to busines or consumers. It is the lowest rate that banks lend money to business' and consumers.
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marginal rate of substitution
What is the operational definition of the rate of transpiration?
The rate of transpiration is the position of air bubble
What is the definition of IRR?
internal rate of return
What is the definition of a prime and a composite number and a composite number and a composite number?
A prime number has two factors, a composite number has more than two.
What is the definition of the term interest rate derivatives?
A derivative has as a security the ability to pay or receive an amount at a given interest rate. Interest rate derivatives are the most popular and include rate swaps and forex swaps.
What is the definition of a 'prime rate'?
Prime rate really means the lowest rate that commercial banks charge when lending money to the most credit worthy business users. They will tend to be large corporations who will present very little risk as far as the lending banks are concerned. The prime rate will also determine other lending rates set by the bank for mortgages and other loans.
What is RPLR?
Retail prime lending rate which usually the bank's lending rate for the loan
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 is the PLR rate of bank for home loan?
prime lending rate
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
How much do I have to pay back in interest if I take a loan out on my 401K?
The interest rate really depends on what the prime lending rate is. As the interest rate is the prime lending rate plus an additional percentage point or two.
What is fullform of PLR in banking sector?
Prime lending rate
Who is the Chairman of benchmark prime lending rate committee?
deepak mohanty
What is the simple definition of base rate?
Base rate is the rate of interest which is considered as a basis by commercial bank for their lending rate..
Where can I find information about prime lending rates?
The term "Prime rate lending" used to refer to the interest rate a specific bank would charge on loans to customers with good credit scores. This has changed recently to being a fairly common rate among all banks. The most concise and understandable explanation can be found by looking up "Prime lending" at TheFreeDictionary.com
