LIC Housing Finance PLR, LIC Housing Finance PLR Past Trend

Current LIC Housing Finance PLR

Last Updated 24th Nov 2016
PLR 14.20% * History
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 






I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
LIC Housing Finance Interest Rates
Home Loan Interest Rates 9.80% * Floating
Fixed Deposit Interest Rates 7.85% to 7.95% *
  • This is a notional interest rate to which interest rate on LIC Housing Finance’s floating rate loans is benchmarked
  • Current LIC Housing Finance PLR is 14.20%, which was last updated by LIC Housing Finance on 10th Oct 15 as per information available with MyLoanCare.
  • Typically, all loans by LIC Housing Finance are priced at a discount to the LIC Housing Finance PLR
  • Applicable rate of interest on all LIC Housing 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
  • LIC Housing Finance 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, LIC Housing Finance typically offers a discount to the PLR to arrive at its lending rate

LIC Housing Finance PLR Vs. RBI

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

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

LIC Housing Finance home loan interest rate and PLR

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

Past trend of LIC Housing Finance 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
10th Oct 15 14.20% decreased by 0.3%
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
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
01st Oct 13 14.50%
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

LIC Housing Finance PLR Vs. RBI Repo Rate Trend

About LIC Housing Finance

  • LIC Housing Finance's registered office is located at Bombay Life Building, 2nd Floor, 45/47 Veer Nariman Road Mumbai, Maharashtra-400001.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,236 crs. and Standalone net profit of Rs. 1,386 crs. LIC Housing Finance reported total deposits of Rs. 33,720 crs and total advances of Rs. 108,361 crs.
  • LIC Housing Finance's management is led by its CEO Ms. Sunita Sharma.
  • Highest fixed deposit interest offered by LIC Housing Finance is 7.95% per annum on deposits.
  • Its current PLR is 14.20%, which was last revised on 10th Oct 15.
News - Dec 2016
18th Jul 16 LIC Housing Finance reports Rs 408 crore profit
LIC Housing Finance reported a marginal 7 per cent growth in net profit at Rs 408 crore in the quarter ended June due to higher provisioning. Net interest margins improved to 2.61 per cent from 2.41 per cent in the same period last year. Total income was Rs 3380 crore as against Rs 2965 crore during the same period previous year. The company took additional provisioning to the tune of Rs 90 crore due to aging of some NPAs in the project loans and hence provisions remained higher at Rs 116.5 crore.
20th May 16 LIC Nomura Mutual Fund is LIC MF again after Nomura quits
Japanese firm Nomura has exited from its JV with LIC Mutual Fund. LIC Nomura Mutual Fund is again being positioned as LIC Mutual Fund. There are now two new partners in LIC Mutual fund, they are GIC Housing Finance and Corporation Bank with 11.7 per cent and 4 per cent stake, respectively. Meanwhile, the existing partner LIC Housing Finance has picked up another 19.3 per cent stake to reach 39.3 per cent in the company. The rest 45 per cent is owned by the parent firm Life Corporation of India.
19th Apr 16 LIC Housing Finance Q4 PAT up to Rs 448 Cr
LIC Housing Finance reported an 18.5% rise in its standalone net profit for the quarter ended March to Rs 448.02 Cr on the back of a rise in loan disbursement and improved operating performance. The company total income from operations for the quarter stood at Rs 3246 Cr, up over 14%. Income rose faster than expenses, which rose slightly over 12% to Rs 2579.67 Cr, thereby lifting the lender operating profit margin. The company earnings before interest, tax depreciation and amortization margin rose by 121 basis points year on year to 20.61% for the quarter.
18th Jan 16 LIC Housing Finance Q3 profit up 22% at Rs 419 cr
LICHFL posted a 22 per cent rise in net profit for the Q3FY16. Continued focus on growth with profitability coupled with lower cost of funds has resulted in improvement in margins.
15th Oct 15 LIC Housing Q2 FY16 Results
LIC Housing, home loan arm of LIC, reported Q2 FY 2016 net profit at Rs 411.73 crore (up 21%).
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.