Indiabulls PLR, Indiabulls PLR Past Trend

Current Indiabulls PLR

Last Updated 31st Dec 1969
PLR 17.05% * History
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Indiabulls Interest Rates
Home Loan Interest Rates 9.15% * Floating
Loan Against Property Rates % * Floating
  • 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.
News - Dec 2016
27th Nov 16 Indiabulls Housing Finance raises Rs 500 crore via NCDs
Indiabulls Housing Finance has raised Rs500 crore by issuing debentures on a private placement basis. The bonds, with a tenor of 2 years, will carry coupon rate of 8.30 percent (payable annually and at maturity)
05th Nov 16 Indiabulls home loan at 9.15 percent
Indiabulls Housing Finance has reduced its home loan rates to 9.15 percent for loan amount upto Rs. 75 lakhs. The new rates will be effective from 4th November, 2016. With this, Indiabulls Housing Finance home loan are now available at same rate as SBI home loan and ICICI Bank home loan.
25th Jul 16 Indiabulls Housing Finance Q1 net profit at Rs.630 crore
The company has posted a PAT of Rs.630 crore for the quarter ended June 30, 2016 , which is 23.21 % higher compared to first quarter previous year .Whereas the total income has increased to Rs.2597.4 Crore i.e. 28.3 % compared to first quarter previous year . The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.
26th Apr 16 Indiabulls Housing Finance Q4 Profit Up 22% at Rs 675 Crore
Indiabulls Housing Finance reported a 22.6 per cent jump in net profit to Rs 675.5 crore in the fourth quarter ended March 31, mainly driven by expansion in loan book size and higher fee income. The company had posted a profit after tax of Rs 551.1 crore in the same period last year.
21st Jan 16 Indiabulls Housing Finance Q3 net profit up 26%
IBHFL posted profit at Rs. 602.4 Cr, a 26 per cent rise over past year. The company reported increasing efficiencies on all aspects and reducing reliance on bank funding
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