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HDFC PLR Rates, HDFC PLR – May 2022


Last Updated 03rd May 2022

  • Current PLR rate of HDFC is 15.95%.
  • HDFC fixes the PLR periodically based on its internal cost of funds and the external benchmark rates.
  • HDFC benchmarks its interest rates for home loan, LAP and other loans to PLR rates.
  • Check the history of PLR to know HDFC PLR trends.

HDFC Interest Rates

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

Home Loan Interest Rates 6.80% * Floating Detail
Loan Against Property Rates 7.65% * Floating Detail
Fixed Deposit Interest Rates 6.20% to 6.65% Detail
RD Interest Rates 6.75% Detail


  • HDFC 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.
  • HDFC typically offers loans benchmarked at a discount to the PLR to arrive at its lending rate.

HDFC PLR Rate Trend

Date RBI Repo Rate HDFC PLR Rate
04th May 22 4.40% 0.4%
08th Apr 22 4.00%
10th Feb 22 4.00%
08th Dec 21 4.00%
08th Oct 21 4.00%
06th Aug 21 4.00%
04th Jun 21 4.00%
07th Apr 21 4.00%
04th Mar 21 4.00% 16.05% 0.05%
24th Dec 20 4.00% 16.10% 0.3%
22nd May 20 4.00%0.4%
21st Apr 20 4.40% 16.40% 0.45%
27th Mar 20 4.40%0.75%
04th Oct 19 5.15%0.25%
07th Aug 19 5.40%0.35%
06th Jun 19 5.75%0.25%
04th Apr 19 6.00%0.25%
07th Feb 19 6.25%0.25%
29th Jan 19 6.50% 16.85% 0.1%
01st Oct 18 6.50% 16.75% 0.4%
01st Aug 18 6.50% 0.25%
06th Jun 18 6.25% 0.25%
05th Apr 18 6.00% 16.35% 0.2%
02nd Aug 17 6.00%0.25%
  • MyLoanCare regularly tracks RBI repo rates and PLR rates of HDFC to give a past trend in the change in HDFC 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 HDFC Current PLR Rate of HDFC is 15.95%, which was last revised on 14th Mar 22. 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 HDFC to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

HDFC Interest Rates- Benchmarked to PLR Rates

  • HDFC PLR rate is notional interest rate to which the interest rate on HDFC’s floating rate loans is benchmarked. Typically, all loans by HDFC are priced at a discount to the HDFC PLR.
  • Applicable rate of interest on all HDFC 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, HDFC 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.

HDFC Home Loan Interest Rate and PLR

  • Every floating rate home loan sanctioned by HDFC 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).

Compare HDFC PLR Rates with Other Banks

About HDFC

  • HDFC's registered office is located at HDFC LTD, 4th, Ramon House, 169, H T Parekh Marg, Churchgate, Mumbai-400020, Backbay .
  • HDFC's management is led by its CEO Mr. Keki M. Mistry.
  • Its current PLR is 15.95%, which was last revised on 14th Mar 22.


What is the PLR of HDFC?

Current HDFC PLR is 15.95%, which was last revised on 14th Mar 22. HDFC revises it PLR periodically as per market trends and rates.

What is HDFC base rate?

Currently, HDFC offers loans at a base rate of 15.95%.

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HDFC News - May 2022
  • 2022-05-02 : HDFC Ltd Revises MCLR for Different Tenures
    The lender has kept MCLR for overnight and one month at 7%, for three months and six months, MCLR is 7.05% and 7.20%. The MCLR for one year is 7.25%.
  • 2020-12-25 : HDFC revised its PLR rate
    HDFC- the housing finance lender, revised its prime lending rate. Revised PLR for the HDFC is 16.10%. The new rate is effective from 24 December 2020.
  • 2019-10-15 : HDFC Ltd revises prime lending rates
    Leading Housing Finance Company, HDFC Ltd, reduced its prime lending rates on October 14, 2019. The revised PLR is 16.65%, which earlier was 16.75%. The lending rate cut will benefit both existing and new home loan borrowers.
  • 2018-08-03 : HDFC hikes PLR rate by 20 bps
    HDFC announced 20 basis point hike in its PLR rates. The new benchmark prime lending rate is now at 16.65%, which was 16.45% earlier. The new rates are effective from August 2, 2018.
  • 2018-06-04 : HDFC hikes PLR
    HDFC has hiked its PLR by 10 basis points. The benchmark prime lending rate for HDFC is now up to 16.45% from 16.35% effective June 2. The hike will effectively make home loans more expensive for individual borrowers. 
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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