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Current HDFC PLR

Last Updated 19th Oct 16

PLR 16.30% * History
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  • Home Loan Interest Rates - 9.4% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 834 per lakh
    Tenure :
    Max 30 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Loan Against Property Rates - 10.6% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 1,112 per lakh
    Tenure :
    Max 15 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Fixed Deposit Interest Rates - 5.50% to 7.25% *Detail
    30 Days :
    45 Days :
    60 Days :
    90 Days :
    120 Days :
    6 Months :
    9 Months :
    12 Months :
    18 Months :
    2 Year :
    3 Year :
    4 Year :
    5 Year :
    7 Year :
    10 Year :
    Last Revised Date :
    19th Oct 2016
  • This is a notional interest rate to which interest rate on HDFC’s floating rate loans is benchmarked
  • Current HDFC PLR is 16.30%, which was last updated by HDFC on 05th Oct 15 as per information available with MyLoanCare.
  • 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
  • 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 PLR
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 16.30% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
10th Apr 15 16.55% decreased by 0.2%
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
01st Dec 13 16.75% increased by 0.1%
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
24th Aug 13 16.65% increased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
05th Feb 13 16.40% decreased by 0.1%
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
01st Aug 11 16.50% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
16th May 11 16.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
01st Mar 11 15.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
01st Dec 10 15.00% increased by 0.75%
02nd Nov 10: 0.25% repo hike by RBI
16th Sep 10: 0.25% repo hike by RBI
01st Sep 10 14.25%
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI

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.
  • Highest fixed deposit interest offered by HDFC is 7.25% per annum on deposits.
  • Its current PLR is 16.30%, which was last revised on 05th Oct 15.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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News - Oct 2016
07th Oct 16 HDFC plans to raise 1500 cr in debt to augment capital
HDFC Ltd will raise 1500 crore by issuing debt securities on a private placement basis. The secured non convertible debentures will carry the coupon rate of 7.5 costs per annum. HDFC will start issuing debt securities on October 13 and will end on 12th October 2018.
10th Aug 16 HDFC Ltd. customers can directly access their CIBIL Score and Report on its website
HDFC has implemented the CIBIL Consumer Connect solution which will facilitate customers to purchase their CIBIL Score and Report directly from HDFC website. This move will bring transparency in the loan appraisal process as CIBIL report is an important parameter based on which banks and HFCs decide the eligibility of borrowers. The move is expected to improve customer satisfaction and increase awareness on credit discipline.
27th Jul 16 HDFC reported 38% increase in Q1 results
As per the results of Q1FY17 , Housing Development Finance Corp. Ltd (HDFC) reported a 37.5 percent increase in its Net Profit to Rs 1,870.7 crore. This was largely due to one-time gain of Rs.725 crore on the sale of a 22.9 percent stake in HDFC ERGO General Insurance Co. Ltd. Total Income from operations increased by 19.4 percent year on year to Rs 8,382.3, while Net Interest Income, showed a growth of 9 percent to Rs 2,229.15 crore. Asset quality was stable in the current quarter, with Gross NPAs ratio of 0.75 percent compared to 0.7 percent as on FY16 . Provision for contingencies showed a significant increase of 580 percent on a yearly basis, but compared to last quarter, it registered a decline of 37.6 percent Provisions for contingencies included an additional one time provision of Rs 275 crore towards standard assets and other contingencies.
28th Jan 16 HDFC profit up 11% at Rs 2419 Cr on commercial loan growth
HDFC Ltd reported an 11 per cent rise in consolidated net profit at Rs 2419 Cr for the Dec qtr due to an uptick in commercial lending and better performance by subsidiaries.
22nd Nov 15 HDFC Realty unveils online home auctions
HDFC has tied up with a website which allows customers to bid for houses at prices they are comfortable with.