what is PLR? How it reflect on interest?

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  • ash m
    Lv 6
    1 decade ago
    Favorite Answer

    PLR is the prime lending rate of a bank. most banks charge interest on the basis of PLR + XX rate and hence it is relevant for your loan.

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  • Anonymous
    1 decade ago

    That is the interest rates that the banks pay to the reserve bank to borrow from them. In other words - the cost of wholesale money.

    Peace.

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