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What is PLR? How it reflect on interest?

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What is PLR? How it reflect on interest?

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  1. 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.


  2. 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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