IIFL PLR, IIFL PLR Past Trend

Current IIFL PLR

Last Updated 31st Dec 1969
PLR 17.50% * History
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IIFL Interest Rates
Loan Against Property Rates % * Floating
  • This is a notional interest rate to which interest rate on IIFL’s floating rate loans is benchmarked
  • Current IIFL PLR is 17.50%, which was last updated by IIFL on 01st Apr 14 as per information available with MyLoanCare.
  • Typically, all loans by IIFL are priced at a discount to the IIFL PLR
  • Applicable rate of interest on all IIFL 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
  • IIFL 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, IIFL typically offers a discount to the PLR to arrive at its lending rate

IIFL PLR Vs. RBI

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

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

IIFL home loan interest rate and PLR

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

Past trend of IIFL 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
01st Apr 14 17.50%
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

IIFL PLR Vs. RBI Repo Rate Trend

About IIFL

  • IIFL's registered office is located at .
  • IIFL's management is led by its CEO .
  • Its current PLR is 17.50%, which was last revised on 01st Apr 14.
News - Dec 2016
19th Nov 16 IIFL Finance proposes to buy Samasta Microfinance Ltd.
IIFL Finance, a unit of IIFL Financial Holdings got approval from Reserve Bank of India to acquire Bangaluru based microlender Samasta Microfinance Ltd. The valuation of the deal is not disclosed. The acquisition will help IIFL to enter into micro finance segment and to extend its wide ranging financial services.
21st Jan 16 India Infoline cuts loan rates
India Infoline has cut its home loan rates to 9.55 per cent from 9.65 per and reduced the processing fee to a flat Rs. 5000.
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