DHFL Rates, DHFL PLR – Mar 2017

DHFL Rate – Current Rate, Past Trend

Last Updated 21st Mar 2017
PLR 18.30% * History
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DHFL Interest Rates
Home Loan Interest Rates 8.60% * Floating Detail
Loan Against Property Rates 12.00% * Floating Detail
Fixed Deposit Interest Rates 7.75% to 8.00% * Detail
  • This is a notional interest rate to which interest rate on DHFL’s floating rate loans is benchmarked
  • Current DHFL PLR is 18.30%, which was last updated by DHFL on 08th Oct 15 as per information available with MyLoanCare.
  • 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
  • DHFL decides its own PLR from time to time
  • The RBI or NHB do not mandate or decide the PLR of any NBFC or HFC. Since NBFC’s typically have a higher cost of raising funds and higher cost of operations than those of banks, mostly they tend to offer loans at higher interest rates compared to banks
  • Sometimes, NBFC’s may have different benchmark PLR’s by customer segment and by product. E.g., an NBFC may have one PLR for retail and another one for corporate
  • When pricing a loan, DHFL typically offers a discount to the PLR to arrive at its lending rate

DHFL PLR Vs. RBI

  • RBI/ NHB require each NBFC/ HFC to set their own PLR rate based on their cost of funds. So, DHFL decides its own base rate from time to time based
  • Note that the RBI/ NHB does not decide the PLR rate

Changes in PLR of DHFL

  • PLR rate can be revised by DHFL periodically in line with changes in interest rates in the market

DHFL home loan interest rate and PLR

  • Every floating rate loan sanctioned by DHFL is benchmarked to its PLR rate
  • The applicable rate of interest on a floating rate loan will consist of two parts – the applicable PLR and a spread or margin (which is typically negative in case of NBFC’s and HFC’s)
  • Your loan from DHFL will be repriced periodically depending upon change in PLR. So, a home loan from DHFL will be repriced every time the PLR of DHFL changes. Say, you take a loan at PLR minus 6.75% spread when the PLR is 16.25%. This loan will initially be priced at 9.50%. Whenever DHFL changes in PLR rate, the applicable rate of interest will change correspondingly.

Past trend of DHFL PLR vs RBI Repo Rate

Date PLR
08th Feb 17: 0% repo none by RBI
07th Dec 16: 0% repo none by RBI
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
08th Oct 15 18.30% decreased by 0.2%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
15th Apr 15 18.50% decreased by 0.1%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
26th Aug 13 18.60%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
25th Jan 11: 0.25% repo hike by RBI
02nd Nov 10: 0.25% repo hike by RBI
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI

DHFL PLR Vs. RBI Repo Rate Trend

About DHFL

  • DHFL's registered office is located at Warden House, 2nd Floor, sir P.M. Road Fort, Mumbai-400001 .
  • DHFL's management is led by its CEO Mr. Harshil Mehta.
  • Its current PLR is 18.30%, which was last revised on 08th Oct 15.
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News - Mar 2017
10th Mar 17 DHFL eyes 35 percent growth in its education loan book at Rs. 12,000 crore
Avanse Education Loans, education loan arm of housing finance company DHFL expects to witness a significant growth of 35 percent in its education loan business in FY18. The NBFC targeting a portfolio of Rs. 12,000 crore of education loans FY18 that stands at Rs.900 crore in FY17.
10th Mar 17 DHFL raises funds of Rs. 1,500 crore via debentures
Deewan Housing Finance Limited has raised funds worth Rs. 1,500 crore by issuing non-convertible debentures to LIC. The debentures with a maturity period of 10 years will carry a coupon rate of 8 percent.
24th Jan 17 Indian NBFCs raises Rs. 29, 000 crore via NCDs during FY 17
Indian NBFCs have raised a total funding of Rs. 29, 000 crore via non convertible debentures (NCDs) in the current fiscal year. Under the arrangement, DHFL raised funds worth Rs. 14, 000 crore through NCDs in the current financial year. The funds will be utilised for financing expansion plans, retiring debt, supporting working capital requirements and for other corporate investments. NCDs are loan linked bonds that are not convertible into stock and carry higher rate of interest than that of convertible debentures.
21st Jan 17 DHFL expects a growth of 25 percent in home loan disbursements in Kerala
Dewan Housing Finance is expecting a healthy growth of 25 percent in loan disbursements in Kerala over the next three financial years. . DHFL has registered a growth of 20 percent in its loan disbursements during first three quarters of FY 17.
19th Jan 17 DHFL expects 30 percent growth in home loan business in Telangana and Andhra Pradesh
DHFL, a leading housing finance company is expecting a 30 percent growth in its home loan disbursements in the state of Telangana and Andhra Pradesh during the current financial year. The company has disbursed home loans of Rs. 1700 crore during FY 2016 in these two states. The growth is expected to be driven by a steady demand for affordable houses.
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