Answers.com > Wiki Answers > Categories > Jobs & Education > How do you calculate prime lending rate?

How do you calculate prime lending rate?

Answer:

Prime lending rate can be calculated by adding 300 basis points to the Federal Funds Rate, assuming you live in the U.S.

First answer by Buddhism1227. Last edit by Buddhism1227. Contributor trust: 1 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Jobs & Education questions?

	What are nonessential modifiers?	Answer it!
	What affects people lives in Pyrenees?	Answer it!
	What is procurement of operational and capital requirements?	Answer it!
	How about if below 6 years old open account?	Answer it!
	What is meant by agreed ways of working?	Answer it!

What is bechmark prime lending rate?
BPLR or Benchmark Prime Lending Rate is the rate at which banks and financial institutions lend money to their most trustworthy customers. This is the rate at which they lend loans to people who they...
How do you calculate the current bank prime rates?
The bank prime rate is not adjusted on a regular basis. It usually adjusted in to coordinate with the Federal Funds Rate. You can find this rate on several websites at any time.
What is current prime lending rate of SBI?
14.75%
What is prime rate?
It is the lowest rate that banks lend money to busines or consumers. It is the lowest rate that banks lend money to business' and consumers.
Benchmark Prime Lending Rate meaning?
According to the Reserve Bank of India (RBI), banks are free to fix the Benchmark Prime Lending Rate (BPLR) with the approval of their respective Boards. Banks are free to decide the BPLR but their...