123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Prime Lending Rate As An Economic Indicator

Profile Picture
By Author: John Tang
Total Articles: 512
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Prime lending rates (PLR) relate to interest rates charged by commercial banks for the benefit of their clients solvents. Prime lending rates can also be described as the fees paid by companies first to banks in order to obtain funds.

Some credit card issuers use primary for calculating interest rates. Prime lending rate is an economic indicator used by credit companies to determine the interest rate on its variable rate credit cards. Changes in fixed-rate mortgages do not affect the main lending rate. Interest rates are indirectly correlated with the prime lending rates (PLR).

Different types of prime lending rates include short-term prime lending rates in the long term the main types of loans, equity housing fixed rates, equity housing-variable rates, etc. Each bank, building or loans specialist company sets its own rates of loan principal. Prime lending rates also change according to various loan products. Almost all major banks change the types of loans every 3 months or 6 months.

The first time that borrowers are given loans at a discount current prime lending rates and, therefore, the first time the ...
... majority of loans are offered below the PLR.

An increase in the value of bonds will also increase the rate of the loans. Sometimes, banks increase the main rate on loans where the cost of obtaining funds increases. Sometimes banks offer rates below the current rate of loan principal to attract new customers.

Prime lending rates are affected by the rates of federal funds. These fees vary depending on the availability of funds in banks and credit demand in the market.

Loans provides detailed information on loans, equity loans, commercial mortgages, loans and mortgage companies. The mortgage loan repayment schedule with affiliates.

Total Views: 284Word Count: 278See All articles From Author

Add Comment

Business Articles

1. How Global Trade Finance Facilitates Cross-border Transactions And Reduces Risk
Author: Riddhi Divan

2. Innovative Uses Of Nickel In Cryogenic And Marine Environments
Author: Online fittings

3. Implementing Predictive Analytics In Your Abm Toolkit
Author: SalesMark Global

4. Comparing The Top 5 Live Commerce Platforms For 2024
Author: Amy Williams

5. Data-driven Precision Marketing For Effective Demand Generation
Author: SalesMark Global

6. Supercharge Your Sales With Optimized Pipeline Velocity
Author: SalesMark Global

7. Best Japan Tour Packages
Author: bharathi

8. Adani Group Stocks Down 20%; Gautam Adani Indicted In Us Over Bribery Charges
Author: Bizzbuzz

9. High-performance Ss Round Bars: Addressing The Energy Sector's Needs
Author: Neelkamal Alloys LLP

10. The Role Of Modern Washroom Solutions In Maintaining Cleanliness
Author: ritika krishna

11. Why Choose Premium Taxi Services In Kochi?
Author: maya

12. Black Magic Astrologer In Kasaragod
Author: Sripandith05

13. The Health Benefits Of Adding Pineapple To Your Pancakes
Author: maya

14. Top Luxury Resorts In Kerala For Your Dream Vacation
Author: maya

15. How To Start Your Shopping Website In Doha: A Simple Guide
Author: maya

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: