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ICICI Home Finance PLR Rates, ICICI Home Finance PLR – Dec 2021

ICICI Home Finance PLR Rate

Last Updated 16th Aug 2021

  • Current PLR rate of ICICI Home Finance is 17.60%.
  • ICICI Home Finance fixes the PLR periodically based on its internal cost of funds and the external benchmark rates.
  • ICICI Home Finance benchmarks its interest rates for home loan, LAP and other loans to PLR rates.
  • Check the history of PLR to know ICICI Home Finance PLR trends.
Apply for Home Loan @ 6.50% *

ICICI Home Finance Interest Rates

ICICI Home Finance offers the following loans to its customer on these rates currently:

Fixed Deposit Interest Rates 4.30% to 6.45% Detail

PLR of ICICI Home Finance

  • ICICI Home Finance decides and fixes its own PLR 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.
  • ICICI Home Finance typically offers loans benchmarked at a discount to the PLR to arrive at its lending rate.

ICICI Home Finance PLR Rate Trend

Date RBI Repo Rate ICICI Home Finance PLR Rate
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%
05th Feb 21 4.00%
04th Dec 20 4.00%
09th Oct 20 4.00%
22nd May 20 4.00%0.4%
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%
01st Aug 18 6.50% 0.25%
06th Jun 18 6.25% 0.25%
02nd Aug 17 6.00%0.25%
  • MyLoanCare regularly tracks RBI repo rates and PLR rates of ICICI Home Finance to give a past trend in the change in ICICI Home Finance 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 ICICI Home Finance Current PLR Rate of ICICI Home Finance is 17.60%, which was last revised on 01st Oct 20. On the other hand, the current RBI Repo Rate is 4.00% which was last revised on 08th Dec 21.
  • It is not mandatory for ICICI Home Finance to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

ICICI Home Finance Interest Rates- Benchmarked to PLR Rates

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

Compare ICICI Home Finance PLR Rates with Other Banks

About ICICI Home Finance

  • ICICI Home Finance's registered office is located at .
  • ICICI Home Finance's management is led by its CEO .
  • Its current PLR is 17.60%, which was last revised on 01st Oct 20.

FAQs

What is the PLR of ICICI Home Finance?

Current ICICI Home Finance PLR is 17.60%, which was last revised on 01st Oct 20. ICICI Home Finance revises it PLR periodically as per market trends and rates.

What is ICICI Home Finance base rate?

Currently, ICICI Home Finance offers loans at a base rate of 17.60%.


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