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What is bechmark prime lending rate?

William Cain

in Student Loans

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1 answer

Victoria Fowler on May 10, 2018

BPLR or Benchmark prime Lending Rate is the rate at which the banks and the financial institutions that lend money to their most trustworthy customers. This is the rate at which they lend loans to people who they know have little or no chance of default. Generally the governments of each country that is termed as a the absence of default by the borrower on the part of the banks that operate there.

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