Prime Bank Rate Loans

The prime rate simply means what the commercial banks charge their best -- or prime -- borrowers.

The terms "prime rate" and "mortgage rate" can be somewhat confusing to those who are newbies in borrowing and banking. However, they're unrelated and not based not based on each other, but on the overall economic situation. Both rates may affect you.

The prime rate is the interest rate commercial banks charge . It is based on banks' cost of funds -- savings rates -- as well as availability of money, desire to make new loans and general market conditions. But it has become more than that: The prime rate is an index used to calculate other interest rates, both personal and business. 

Give us a call today and we will guide you through prime bank rate loans.