What is prime lending rate?

Answer When a business borrows money from a bank, that business' stability and credit history determines its interest rate. Creditworthy businesses not only borrow money at low interest rates, they play a... Read More »

Top Q&A For: What is prime lending rate

Is prime rate the commercial lending rate?

The prime rate is now an index, or benchmark, that is set by banks. The banks use it to derive pricing for a number of different loans. Although loans at this rate can be extended to "prime" commer... Read More »

What is the prime lending rate in Canada?

The prime rate is the best rate that banks give to their customers. It varies from bank to bank and changes over time, but right now, the prime rate is between 2.25 and 3.5 percent, depending on th... Read More »

What is the Canadian prime lending rate?

According to, the Canadian prime lending rate as of May 2010 was 2.25 percent, compared to the U.S. prime rate of 3.25 percent. The prime lending rate is the short-term rate that ban... Read More »

What Is a Benchmark Prime Lending Rate?

The benchmark prime lending rate is one of many base rates on which banks price loans in the credit markets. The prime lending rate usually changes when the Federal Reserve alters the fed funds rat... Read More »