DHFL PLR Rates, DHFL PLR – Mar 2020
DHFL PLR Rate
27th March 2020 – RBI cuts Repo Rate by 75 bps to 4.4%
Current PLR rate of DHFL is 19.42%, which the bank fixes periodically based on its internal cost of funds and the current interest rates in the economy. DHFL benchmarks its interest rates for home loan and other loans to PLR rates.
| PLR | 19.42% * | History |
DHFL Interest Rates
DHFL Interest Rates
| Home Loan Interest Rates | 9.50% * Floating | Detail |
| Loan Against Property Rates | 12.00% * Floating | Detail |
| Fixed Deposit Interest Rates | 8.50% to 9.25% | Detail |
| RD Interest Rates | 8.00% | Detail |
PLR of DHFL
- 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.
DHFL PLR Rate Trend
| Date | RBI Repo Rate | DHFL PLR Rate |
|---|---|---|
| 27th Mar 20 | 0.75% | |
| 04th Oct 19 | 0.25% | |
| 07th Aug 19 | 0.35% | |
| 06th Jun 19 | 0.25% | |
| 16th Apr 19 | 9.42% 9.65% | |
| 04th Apr 19 | 0.25% | |
| 07th Feb 19 | 0.25% | |
| 29th Jan 19 | 19.07% 0.77% | |
| 01st Aug 18 | 0.25% | |
| 06th Jun 18 | 0.25% | |
| 02nd Aug 17 | 0.25% | |
| 04th Oct 16 | 0.25% | |
| 05th Apr 16 | 0.25% | |
| 08th Oct 15 | 18.30% 0.2% | |
| 29th Sep 15 | 0.5% | |
| 02nd Jun 15 | 0.25% | |
| 15th Apr 15 | 18.50% 0.1% | |
| 04th Mar 15 | 0.25% | |
| 15th Jan 15 | 0.25% | |
| 28th Jan 14 | 0.25% | |
| 29th Oct 13 | 0.25% |
- MyLoanCare regularly tracks RBI repo rates and PLR rates of DHFL to give 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, current RBI Repo Rate is 4.40% which was last revised on 27th Mar 20.
- 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 Interest Rates- Benchmarked to PLR Rates
- DHFL PLR rate is notional interest rate to which 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.
DHFL Home Loan Interest Rate and PLR
- Every floating rate home loan sanctioned by DHFL is benchmarked to its PLR rate.
- The applicable rate of interest on a floating rate home 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 changes. Say, you take a loan at PLR minus 6.75% spread when the PLR is 19.42%. This loan will initially be priced at 12.67%. Whenever DHFL changes in PLR rate, the applicable rate of interest will change correspondingly. So in the same illustration, if DHFL decreases its PLR by 0.5%, the loan interest rate for existing borrowers will also decline by 0.5% and new applicable interest rate on the loan will be 12.17%.
Compare PLR Rate Movement
Compare DHFL PLR Rates with Other Banks
- Allahabad Bank
- Andhra Bank
- AU Small Finance Bank
- Axis Bank
- Bajaj Finserv
- Bandhan Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Cholamandalam
- Citibank
- Corporation Bank
- DBS Bank
- DCB Bank
- Dhan Laxmi Bank
- DHFL
- Edelweiss
- Equitas Small Finance Bank
- ESAF Small Finance Bank
- Federal Bank
- Fincare Small Finance Bank
- GIC Housing Finance
- HDFC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- IDBI Bank
- IDFC First Bank
- IIFL
- Indiabulls
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu And Kashmir Bank
- Jana Small Finance Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Bank
- Lakshmi Vilas Bank
- LIC Housing Finance
- LT Housing Finance
- OBC
- Piramal Housing Finance
- PNB
- PNB Housing Finance
- Punjab and Sind Bank
- RBL Bank
- SBI
- South Indian Bank
- Standard Chartered Bank
- Syndicate Bank
- UCO Bank
- Ujjivan Small Finance Bank
- Union Bank of India
- United Bank of India
- Yes Bank
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. Kapil Wadhawan.
- Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
