prime lending rate (plr)

[Aravind Kumar]

Theinterest ratecharged by banks to their largest, mostsecure, and most creditworthy customers on short-term loans. Thisrateis used as a guide for computing interest rates for other borrowers. See also London Interbank Offered Rate. Also calledprime rate.

[boutha priya]

The prime rate is the interest rate that commercial banks charge their most credit-worthy customers. … The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate which banks lend to one another.

[Indhumathi v]

It is the reference interest rate based on which a bank lends to its credit worthy borrowers.

[jagadeeshwaran]

The prime lending rate is a average rate of interest charged on loan in the five major banks.they provide the indian prime lending rates,actual value historical data,forecast chart,statistics economic,calender,and news.

[wesley]

It is a term applied in many countries to a reference for an interest rates used by the banks.

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