This means you cannot purchase travel insurance for a hurricane that has been named and is about to affect your travel plans. Some plans that offer coverage for natural disasters include a waiting period (usually 15-21 days), which begins at the planâs effective date of coverage.
Prime Rate. The prime rate, also known as the prime lending rate, is the annual interest rate Canadaâs major banks and financial institutions use to set interest rates for variable loans and lines of credit, including variable-rate mortgages. The prime rate in Canada is currently 2.95%.
Axis Bank Base Rate & Prime Lending Rates (For existing borrowers) All existing loan borrowers will continue to avail personal loans with the Base Rate system of interest. The Benchmark Prime Lending Rate (BPLR) of the bank is currently set at 15.75% per annum.