What is PLR?
Menu
help me
Replies (5)
Prime Lending Rate
right
Every bank is having its own Prime Lending Rate(PLR) i.e. nothing but normal rate of interest on advances. Actual rate of interest will be arrived as follows....
Rate of interest(Loan)= PLR+Spread(normally 2%)+term premia.
Term premia is applicable if your loan repayment is exceeds 3 years.
PLR or Prime Lending Rate is the rate of interest at which bank lends money to its prime customers i.e customers where default risk is zero.
It has been defined under Section 49 of RBI act.............
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
