what is the meaning of "PLR" in banking?
this is related with finance
- SandyLv 71 decade agoFavorite Answer
Prime Lending Rate - 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.Source(s): http://www.answers.com/topic/prime-rate