Answer / ranjan kumar nayak

PLR is the Prime Lending Rate. It is defined as the rate of
interest on lendings decided by Reserve Bank of India above
which no Bank is allowed to charge to a Customer.

Answer / veerabhadra

PLR means Primary Lending Rate. while bank is lending to a
person at risk then they will give at high interest that is PLR

Answer / rahul

The interest rate that commercial banks charge their best,
most credit-worthy customers. Generally a bank's best
customers consist of large corporations. The rate is
determined by the Federal Reserve's decision to raise or
lower prevailing interest rates for short-term borrowing.
Though some banks charge their best customers more and some
less than the official prime rate, the rate tends to become
standard across the banking industry when a major bank
moves its prime up or down. The rate is a key interest
rate, since loans to less-creditworthy customers are often
tied to the prime rate. For example, a Blue Chip company
may borrow at a prime rate of 5%, but a less-well-
established small business may borrow from the same bank at
prime plus 2, or 7%. Many consumer loans, such as home
equity, automobile, mortgage, and credit card loans, are
tied to the prime rate. Although the major bank prime rate
is the definitive "best rate" reference point, many banks,
particularly those in outlying regions, have a two-tier
system, whereby smaller companies of top credit standing
may borrow at

Answer / anu

PLR or prime lending rate as the rate of interest at which
banks lend to their credit-worthy or favoured customers. It
is treated as a benchmark rate for most retail and term
loans.
The RBI does not set these rates, but in a broad way
stipulates the interest rates in the economy. The banks are
at liberty to lend at a rate above or below the RBI’s.

Answer / jagadish kumar ravva

PLR stands for Prime Lending Rate, it is the rate of interest at which the banks lent to favored customers like high profiled customers,and those with high credibility.


SABR stands for State bank Advanced Rate and it is currently 11.75%

Answer / vidyaprakash

PLR or prime lending rate is the interest rate which is
charge by all commercial bank from their customer

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