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
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);
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.
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