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Marked 3 years 2 weeks ago onto What is the prime lending rate?

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Source: https://bankloandepot.blogspot.com/2021/04/what-is-prime-lending-rate.html

Interest rates offer a way of covering costs related to lending, and they compensate the risk that the lender assumes considering the credit history of the borrower, as well as his or her other financial details.

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What is the prime lending rate?

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