Kuchh Baat Aapke Interest Ki Login

HDFC Rates, HDFC PLR – Oct 2017

Last Updated 17th Oct 2017

HDFC Rate – Current Rate, Past Trend

PLR 16.15% * History
HDFC Interest Rates
Home Loan Interest Rates 8.35% * Floating Detail
Loan Against Property Rates 9.60% * Floating Detail
Fixed Deposit Interest Rates 7.40% to 7.40% * Detail
  • HDFC 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, HDFC typically offers a discount to the PLR to arrive at its lending rate


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

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

HDFC home loan interest rate and PLR

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

Past trend of HDFC PLR vs RBI Repo Rate

Date RBI Rates Bank Rates
02nd Aug 17 0.25%
08th Jun 17 0%
06th Apr 17 0%
08th Feb 17 0%
19th Jan 17 16.15% 0.15%
07th Dec 16 0%
04th Oct 16 0.25%
05th Apr 16 0.25%
05th Oct 15 16.30% 0.25%
29th Sep 15 0.5%
02nd Jun 15 0.25%
10th Apr 15 16.55% 0.2%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
01st Dec 13 16.75% 0.1%
29th Oct 13 0.25%
20th Sep 13 0.25%
24th Aug 13 16.65% 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
05th Feb 13 16.40% 0.1%
29th Jan 13 0.25%
17th Apr 12 0.5%
25th Oct 11 0.25%
16th Sep 11 0.25%
01st Aug 11 16.50% 0.5%
26th Jul 11 0.5%
16th Jun 11 0.25%
16th May 11 16.00% 0.5%
03rd May 11 0.5%
17th Mar 11 0.25%
01st Mar 11 15.50% 0.5%
25th Jan 11 0.25%
01st Dec 10 15.00% 0.75%
02nd Nov 10 0.25%
16th Sep 10 0.25%
01st Sep 10 14.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%

HDFC PLR Vs. RBI Repo Rate Trend

About HDFC

  • HDFC's registered office is located at HDFC LTD, 4th, Ramon House, 169, H T Parekh Marg, Churchgate, Mumbai-400020, Backbay .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 8,297 crs. and Standalone net profit of Rs. 5,990 crs. HDFC reported total deposits of Rs. 450,796 crs and total advances of Rs. 365,495 crs.
  • HDFC's management is led by its CEO Mr.Keki M. Mistry.
  • Its current PLR is 16.15%, which was last revised on 19th Jan 17.
Hdfc Base Rate, PLR
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.