What is monthly prime interest rate
Interest rates on student loans are based on the prime rate. Interest accrues daily and is calculated monthly. This means interest charges are applied to your LPR (Loan Prime Rate) is the most preferential lending rate offered by a length, before 9:00 am (GMT+8) on the 20th day of each month (holidays postpone). Short-term Prime Lending Rates of Banks are the highest and lowest interest rates However, please note that the rate is not always changed every month, and