4,80,000 people visited this section in last 30 daysApply Online

Get Voucher of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

IIFL PLR Rates, IIFL PLR – May 2022


Last Updated 24th Feb 2022

  • Current PLR rate of IIFL is 17.50%.
  • IIFL fixes the PLR periodically based on its internal cost of funds and the external benchmark rates.
  • IIFL benchmarks its interest rates for home loan, LAP and other loans to PLR rates.
  • Check the history of PLR to know IIFL PLR trends.

IIFL Interest Rates

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

Home Loan Interest Rates 8.20% * Floating Detail
Personal Loan Interest Rates 11.75% to 28.00% Detail
Business Loan Interest Rates 16.00% to 30.00% Detail


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

IIFL PLR Rate Trend

Date RBI Repo Rate IIFL 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%
05th Feb 21 4.00%
04th Dec 20 4.00%
09th Oct 20 4.00%
06th Aug 20 4.00%
22nd May 20 4.00%0.4%
27th Mar 20 4.40%0.75%
06th Feb 20 5.15%
05th Dec 19 5.15%
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%
05th Dec 18 6.50%
05th Oct 18 6.50%
01st Aug 18 6.50% 0.25%
06th Jun 18 6.25% 0.25%
05th Apr 18 6.00%
07th Feb 18 6.00%
06th Dec 17 6.00%
04th Oct 17 6.00%
02nd Aug 17 6.00%0.25%
  • MyLoanCare regularly tracks RBI repo rates and PLR rates of IIFL to give a past trend in the change in IIFL 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 IIFL Current PLR Rate of IIFL is 17.50%, which was last revised on 01st Apr 14. 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 IIFL to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

IIFL Interest Rates- Benchmarked to PLR Rates

  • IIFL PLR rate is notional interest rate to which the interest rate on IIFL’s floating rate loans is benchmarked. 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.
  • Sometimes, IIFL 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.

IIFL Home Loan Interest Rate and PLR

  • Every floating rate home loan sanctioned by IIFL 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 IIFL PLR Rates with Other Banks

About IIFL

  • IIFL's registered office is located at IIFL House Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane - 400604 .
  • IIFL's management is led by its CEO Mr. Nirmal Jain.
  • Its current PLR is 17.50%, which was last revised on 01st Apr 14.


What is the PLR of IIFL?

Current IIFL PLR is 17.50%, which was last revised on 01st Apr 14. IIFL revises it PLR periodically as per market trends and rates.

What is IIFL base rate?

Currently, IIFL offers loans at a base rate of 17.50%.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
*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
Please wait while your information is being processed...