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LIC Housing Finance PLR Rates, LIC Housing Finance PLR – Jan 2022

LIC Housing Finance PLR Rate

Last Updated 14th Dec 2021

  • Current PLR rate of LIC Housing Finance is 14.70%.
  • LIC Housing Finance fixes the PLR periodically based on its internal cost of funds and the external benchmark rates.
  • LIC Housing Finance benchmarks its interest rates for home loan, LAP and other loans to PLR rates.
  • Check the history of PLR to know LIC Housing Finance PLR trends.

LIC Housing Finance Interest Rates

LIC Housing Finance offers the following loans to its customer on these rates currently:

Home Loan Interest Rates 6.66% * Floating Detail
Loan Against Property Rates 8.50% * Floating Detail
Fixed Deposit Interest Rates 5.25% to 5.75% Detail

PLR of LIC Housing Finance

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

LIC Housing Finance PLR Rate Trend

Date RBI Repo Rate LIC Housing Finance PLR Rate
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%
24th Jan 19 6.50% 14.70% 0.5%
01st Aug 18 6.50% 0.25%
06th Jun 18 6.25% 0.25%
02nd Aug 17 6.00%0.25%
  • MyLoanCare regularly tracks RBI repo rates and PLR rates of LIC Housing Finance to give a past trend in the change in LIC Housing Finance 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 LIC Housing Finance Current PLR Rate of LIC Housing Finance is 14.70%, which was last revised on 01st Jan 20. On the other hand, the current RBI Repo Rate is 4.00% which was last revised on 08th Dec 21.
  • It is not mandatory for LIC Housing Finance to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

LIC Housing Finance Interest Rates- Benchmarked to PLR Rates

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

LIC Housing Finance Home Loan Interest Rate and PLR

  • Every floating rate home loan sanctioned by LIC Housing Finance 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 LIC Housing Finance PLR Rates with Other Banks

About LIC Housing Finance

  • LIC Housing Finance's registered office is located at Maker Tower-F, 13th Floor, Cuffe Parade, Mumbai-400 005 Maharashtra.
  • LIC Housing Finance's management is led by its CEO Mr. Y Viswanatha Gowd.
  • Its current PLR is 14.70%, which was last revised on 01st Jan 20.


What is the PLR of LIC Housing Finance?

Current LIC Housing Finance PLR is 14.70%, which was last revised on 01st Jan 20. LIC Housing Finance revises it PLR periodically as per market trends and rates.

What is LIC Housing Finance base rate?

Currently, LIC Housing Finance offers loans at a base rate of 14.70%.

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*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
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