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Prime Lending Rate

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.

The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest rates on other types of loans. The rate varies according to economic factors.



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The reduction in key rates by the Reserve Bank is not adequately reflected in the reduction of Benchmark Prime Lending Rates (BPLR) of banks," he added.
Two factor need to be borne in mind: first, what is the Prime Lending Rate at the moment; and second, what are the chances of the percentage rate plus Prime Lending Rate going above the fixed rate?
said Monday it will raise its long-term prime lending rate 0.
 
 
 
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