Edelweiss PLR, Edelweiss PLR Past Trend

Current Edelweiss PLR

Last Updated 31st Dec 1969
PLR 17.50% * History
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Edelweiss Interest Rates
Home Loan Interest Rates 10.50% * Floating
Loan Against Property Rates 12.00% * Floating
  • This is a notional interest rate to which interest rate on Edelweiss’s floating rate loans is benchmarked
  • Current Edelweiss PLR is 17.50%, which was last updated by Edelweiss on 30th Nov 15 as per information available with MyLoanCare.
  • Typically, all loans by Edelweiss are priced at a discount to the Edelweiss PLR
  • Applicable rate of interest on all Edelweiss 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
  • Edelweiss 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, Edelweiss typically offers a discount to the PLR to arrive at its lending rate

Edelweiss PLR Vs. RBI

  • RBI/ NHB require each NBFC/ HFC to set their own PLR rate based on their cost of funds. So, Edelweiss 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 Edelweiss

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

Edelweiss home loan interest rate and PLR

  • Every floating rate loan sanctioned by Edelweiss 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 Edelweiss will be repriced periodically depending upon change in PLR. So, a home loan from Edelweiss will be repriced every time the PLR of Edelweiss 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 Edelweiss changes in PLR rate, the applicable rate of interest will change correspondingly.

Past trend of Edelweiss 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
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
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
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

Edelweiss PLR Vs. RBI Repo Rate Trend

About Edelweiss

  • Edelweiss's registered office is located at Edelweiss House, Off. C.S.T. Road, Kalina Mumbai-400098.
  • Edelweiss's management is led by its CEO Mr. Rashesh Shah.
  • Its current PLR is 17.50%, which was last revised on 30th Nov 15.
News - Dec 2016
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