Viewing 5 posts - 1 through 5 (of 14 total)
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  • #35365
    vaishali
    Participant
    Rank: Level 4

    Meaning – prime lending rate is the intrest rate charged by the bank to the largest and most secure and  credit worthy customers as a short term loan, this rate is used as a guidline for computing intrest rate for other borrowers

    #36794
    Hari priya
    Participant
    Rank: Level 5

    The prime rate is the interest rate that commercial banks charge their most credit-worthy customers.

    Generally a bank’s best customers consist of large corporations.

    #36846
    Shalini.s
    Participant
    Rank: Level 4

    It is know as ” intrest rate” which a bank makes on customer

    #36934
    nivetha
    Participant
    Rank: Level 4

    Prime lending rate is the term indicated the interest rate at which banks lent to favoured customers but this is no longer always the case.

    #37134
    Jayalakshmi. j
    Participant
    Rank: Level 4

    Prime lending rate is a term applied in many countries to reference an interest rate used by bank.originally indicate the interest rate at which bank lent to favored customers.

Viewing 5 posts - 1 through 5 (of 14 total)
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