DHFL PLR Rates, DHFL PLR – May 2022

DHFL offers the following loans to its customer on these rates currently:

• DHFL decides and fixes its own RPLR from time to time.
• RBI does not decide the PLR Rate of any NBFC or HFC. RBI only announces the repo rate, which influences the cost of raising new funds for the housing finance company. HFCs may or may not decide to change their PLR rate in response to changes in the repo rate.
• Effective 1st April 2016, banks has been directed by RBI to fix their loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the banks fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. However, Housing Finance Companies and NBFCs continue to offer loans at PLR rates.
• DHFL typically offers loans benchmarked at a discount to the PLR to arrive at its lending rate.

• MyLoanCare regularly tracks RBI repo rates and PLR rates of DHFL to give a past trend in the change in DHFL PLR rates as compared to the changes in the repo rates. Any borrower, who plans to take a PLR based loan should compare the past trends of PLR and MCLR rates of HFCs and banks to ensure that the lender they choose is prompt in revising their PLR or MCLR rates.
• Based on an analysis and comparison of PLR rate trends of DHFL Current PLR Rate of DHFL is 19.42%, which was last revised on 16th Apr 19. On the other hand, the current RBI Repo Rate is 4.40% which was last revised on 04th May 22.
• It is not mandatory for DHFL to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

• DHFL PLR rate is notional interest rate to which the interest rate on DHFL’s floating rate loans is benchmarked. Typically, all loans by DHFL are priced at a discount to the DHFL PLR.
• Applicable rate of interest on all DHFL floating rate loans, such as home loans, loans against property, business loans, SME loans linked to PLR will vary with changes in its PLR from time to time.
• Sometimes, DHFL may have different benchmark PLR’s by customer segment and by product. E.g., it may have one PLR for retail and another one for corporate.

✅What is the PLR of DHFL?

Current DHFL PLR is 19.42%, which was last revised on 16th Apr 19. DHFL revises it PLR periodically as per market trends and rates.

✅What is DHFL base rate?

Currently, DHFL offers loans at a base rate of 19.42%.