Maximum Lending Rate definition

Maximum Lending Rate means the rate of interest per annum equivalent to such percentage as is specified in the Schedule I annexed hereto over the benchmark prime lending rate of the Bank for Rupee loans prevailing from time to time or such other rate of interest as may be specified by the Bank from time to time as its Maximum Lending Rate
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Maximum Lending Rate means the rate which is one per cent. (1%) above the applicable interest rate for the Facility determined in accordance with Clause 7.1 (Calculation of interest);
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Maximum Lending Rate means the aggregate of BPLR, T.P. (wherever applicable) and Maximum Spread with applicable rests equivalent to the percentage rate or such other rate of interest as may be specified by the Bank from time to time as its Maximum Lending Rate.
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Examples of Maximum Lending Rate in a sentence

  • All such sums shall be debited to the Borrower's/s' Facility account and shall carry interest from the date of payment till such reimbursement at the Maximum Lending Rate or at the Applicable Rate, whichever is higher.


More Definitions of Maximum Lending Rate

Maximum Lending Rate means the aggregate of BPLR, T.P. (wherever applicable) and Maximum Spread or the aggregate of BR and Maximum Spread fixed by the Bank based on the risk rating of the Borrower, as the case may be, with
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Related to Maximum Lending Rate

  • Prime Lending Rate means the rate which the Administrative Agent announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Advance Rate means 80.0%.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;