From Longman Dictionary of Contemporary Englishlending rateˈlending rate noun [countable] BFthe rate of interest1(4) that you have to pay to a bank or other financial institution when you borrow money from them SYN interest rate
Examples from the Corpus
lending rate• The basic bank lending rate was set at 36 percent per month.• On Thursday Mr Lawson, his hand forced by the Bundesbank, raised the minimum lending rate from 14 to 15 percent.• Four big banks cut their prime lending rate by half a point to 9.5%. 