Indiabulls Rates, Indiabulls PLR – Feb 2017

Indiabulls Rate – Current Rate, Past Trend

Last Updated 22nd Feb 2017
8th Feb 2017 – RBI keeps repo rate and other policy interest rates unchanged
PLR 17.05% * History
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Indiabulls Interest Rates
Home Loan Interest Rates 8.65% * Floating Detail
Loan Against Property Rates % * Floating Detail
  • This is a notional interest rate to which interest rate on Indiabulls’s floating rate loans is benchmarked
  • Current Indiabulls PLR is 17.05%, which was last updated by Indiabulls on 08th Oct 15 as per information available with MyLoanCare.
  • Typically, all loans by Indiabulls are priced at a discount to the Indiabulls PLR
  • Applicable rate of interest on all Indiabulls 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
  • Indiabulls 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, Indiabulls typically offers a discount to the PLR to arrive at its lending rate

Indiabulls PLR Vs. RBI

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

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

Indiabulls home loan interest rate and PLR

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

Past trend of Indiabulls 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
08th Oct 15 17.05% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
14th Apr 15 17.30% 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 17.50%
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

Indiabulls PLR Vs. RBI Repo Rate Trend

About Indiabulls

  • Indiabulls's registered office is located at M-62 & 63, First floor, Connaught Place, New Delhi-110001 .
  • Indiabulls's management is led by its CEO Mr. Gagan Banga.
  • Its current PLR is 17.05%, which was last revised on 08th Oct 15.
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News - Feb 2017
31st Jan 17 Indiabulls Finance achieves a reasonable growth across its various loan portfolios during the third quarter of FY17
Indiabulls Finance has reported a decent growth across its various loan segments including commercial loans, home loan and loan against property during third quarter of FY17 as compared to third quarter of FY16. Portfolio of individual home loan and loan against property has grown by 35 and 20 percent respectively during the quarter on year on year basis.
23rd Jan 17 Indiabulls Housing Finance reduces home loan interest rate for existing borrowers
Indiabulls Housing Finance has reduced its home loan interest rate for existing home loan borrowers by 15 basis points. The revised floating rate of interest for home loan now ranges between 8.90 to 10.50 percent for different borrowers. The new rates will be effective from February, 2017.
21st Jan 17 Indiabulls registers a growth of 25 percent in its net profit for the third quarter of FY 17
Indiabulls Housing Finance reported a growth of 25 percent in its net profit to Rs. 751 crore for third quarter ending on 31st December, 2016 as compared to Rs. 602 crore for the corresponding period a year ago. The growth in profit has been contributed by a healthy growth in volume of loan disbursements across various loan types including affordable housing loans and loan against property.
04th Jan 17 Indiabulls Housing Finance cuts home loan rates to 8.65 percent
Indiabulls Housing Finance has reduced its home loan rates by 45 basis points. The revised home loan rates for female borrowers for loan amount up to Rs. 75 lakhs now stands at 8.65 percent. Similarly, home loan rate for other borrowers is reduced to 8.70 percent as compared to 9.10 percent earlier. The new rates are effective from 3rd January, 2017.
28th Dec 16 Home loan seekers to cheer in New Year as mortgage firms likely to cut lending rates
Mortgage firms are likely to cut home loan rates by 25 to 50 bps to revive growth in their home loan business. Demonetisation has helped the mortgage firms such as HDFC, Indiabulls Housing Finance in raising cheap funds from the market via bonds and commercial paper. Lower cost of funds is expected to allow HFCs to cut their lending rates and hence, bring cheer for new home loan borrowers.
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