HI FRIENDS ANY BODY TELL ME ABOUT THE PLR RATE CHAREGED BY BANKS?
1 Replies
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 20 January 2010
Its Prime Lending Rate i.e. the rate charged on loans by banks from its best or most trustworthy customers generally but not necessarily the lowest one. Its generally for short term periods. Other interest rates are quoted on the basis of PLR.
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