DHFL PLR, DHFL PLR Past Trend

Current DHFL PLR

Last Updated 29th Nov 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
PLR 18.30% * History
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DHFL Interest Rates
Home Loan Interest Rates 9.55% * Floating Detail
Loan Against Property Rates 13.75% * Floating Detail
Fixed Deposit Interest Rates 8.25% to 8.50% * 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
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.
  • Highest fixed deposit interest offered by DHFL is 8.50% per annum on deposits.
  • Its current PLR is 18.30%, which was last revised on 08th Oct 15.
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News - Dec 2016
07th Oct 16 DHFL Cuts Home Loan Rates by 0.2 per cent
Dewan Housing Finance Corporation Ltd (DHFL) has reduced home loan lending rate by 0.2 per cent to 9.35 per cent for a loan up to Rs. 30 Lakhs under the festival offer. The revised rate would be effective for its new customers from October 11. This offer is categorized under affordable housing that would enable home ownership to the low and middle income group.
11th Sep 16 DHFL launches its new ad campaign Home Loan Dilse
DHFL has launched a new ad campaign Home Loan Dilse which is an extension of its earlier Ghar Jaisa Loan Campaign. This is the third ad campaign of DHFL to increase awareness and reverse the problem among the low and mid income segment in India. The Home Loan Dilse campaign deals with a very important question i.e. what is the right time to buy a home or avail home loan? The campaign talks about relatable instances from various stages in peoples lives and states that the right time to buy a house is when you dream of a home. The campaign messaging is appealing and connects with the real life common man problems and strengthening the borrowers trust and confidence in DHFL.
21st Jul 16 DHFL Q1 Net Profit increased by 16.23%
As per results of quarter ended June 2016, Dewan Housing Finance Limited Net Profit increased by 16.23% year on year to Rs. 173.3 Crore due to increase in demand for housing loan in semi urban areas. The Net Interest Margin reported is 2.91% . Whereas the Gross NPA stood at 0.98 % to Rs. 623.8 Crore . The company aims to focus on the demand from mid and lower income group from tier- 1 and tier 2 cities
20th Jul 16 DHFL to raise Rs. 6,500 crore via Debt
As stated in the regulatory filing of DHFL , The Board of Directors has approved issuance of non convertible / unsecured debentures , up to an amount of Rs.5,000 Crore , non convertible subordinated unsecured debenture of Rs. 1,000 Crore and non convertible perpetual unsecured debenture , up to an amount of Rs. 500 crore
05th May 16 DHFL Q4 net profit at Rs 190 crore
DHFL registered a net profit growth of 17.37% to Rs 729.20 crore for the year ended March 31, 2016. Net profit increased by 16.86 % to 189.65 crore for the year quarter ended March 31. DHFL continues to witness a robust financial performance in FY16 on the back of buoyant demand for home loans from the affordable segment. This has been made possible further with their relentless focus on customer centric products and service innovations aimed at driving customer satisfaction, profitability and sustainability.
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