PNB Housing Finance Rates, PNB Housing Finance PLR – Mar 2017

PNB Housing Finance Rate – Current Rate, Past Trend

Last Updated 17th Mar 2017
PLR 14.35% * History
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PNB Housing Finance Interest Rates
Home Loan Interest Rates 8.50% * Floating Detail
Loan Against Property Rates 10.50% * Floating Detail
Fixed Deposit Interest Rates 7.25% to 7.25% * Detail
  • This is a notional interest rate to which interest rate on PNB Housing Finance’s floating rate loans is benchmarked
  • Current PNB Housing Finance PLR is 14.35%, which was last updated by PNB Housing Finance on 27th Apr 15 as per information available with MyLoanCare.
  • Typically, all loans by PNB Housing Finance are priced at a discount to the PNB Housing Finance PLR
  • Applicable rate of interest on all PNB 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
  • PNB 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, PNB Housing Finance typically offers a discount to the PLR to arrive at its lending rate

PNB Housing Finance PLR Vs. RBI

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

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

PNB Housing Finance home loan interest rate and PLR

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

Past trend of PNB Housing Finance PLR vs RBI Repo Rate

Date PLR
08th Feb 17: 0% repo none by RBI
07th Dec 16: 0% repo none by RBI
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
27th Apr 15 14.35% decreased by 0.15%
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
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
09th Feb 13 14.50% increased by 0.5%
29th Jan 13: 0.25% repo cut by RBI
01st May 12 14.00% decreased by 0.25%
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
01st Aug 11 14.25% increased by 0.75%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
05th May 11 13.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
01st Feb 11 13.00% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
08th Dec 10 12.50% increased by 0.75%
02nd Nov 10: 0.25% repo hike by RBI
01st Oct 10 11.75% increased by 0.75%
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
01st Jul 10 11.00%

PNB Housing Finance PLR Vs. RBI Repo Rate Trend

About PNB Housing Finance

  • PNB Housing Finance's registered office is located at 9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg, Near Connaught Place New Delhi-110001.
  • PNB Housing Finance's management is led by its CEO .
  • Its current PLR is 14.35%, which was last revised on 27th Apr 15.
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News - Mar 2017
03rd Mar 17 PNB Housing Finance organized its first Dream Home Expo
PNB Housing Finance organised its first dream home expo, Ghar Utsav on 25 and 26th February, 2017 for home developers and new home buyers. The expo was aimed at providing a sales platform to leading developers to exhibit their properties and easy home loans to potential borrowers. During the expo the NBFC sanctioned home loans on spot to potential home loan borrowers at low interest rate of 8.50 percent with zero processing fees.
17th Feb 17 PNB Housing Finance launches EMI step up plan for self employed loan borrowers
PNB Housing Finance has launched a new EMI scheme called EMI Step up Plan for self employed loan borrowers across home loan and loan against property segment. Under the scheme, borrowers who have taken loan of Rs. 50 lakh and above can opt to pay a lower EMI initially and can gradually increase the EMI to match an increase in their income. This is expected to ease the loan burden on borrowers in the initial years of their career.
08th Feb 17 PNB Housing Finance signs MoU with CREDAI to train construction workers in West Bengal
PNB Housing Finance Limited has signed memorandum of understanding with CREDAI West Bengal to provide skill based training to 1,000 construction workers in Kolkata. As per the MoU, 50 percent of the training cost will be borne by PNBHFCL and the state government with the remaining 50 percent borne by the developer of the construction site. The training program is expected to increase the number of skilled workers in West Bengal and speed up the pending construction work.
31st Jan 17 PNB Housing Finance to raise funds worth Rs. 1,025 crore via NCDs
PNB Housing Finance is planning to raise funds worth Rs. 1,025 crore via non convertible debentures (NCDs) on a private placement basis. The debentures with a tenor of 3 years and 3 months will carry a coupon rate of 7.46 percent, payable semi annually.
25th Jan 17 PNB Housing Finance registers growth of 53 percent in its net profit in third quarter of FY17
PNB Housing Finance has reported a growth of 53 percent in its net profit at Rs. 137 crore in third quarter of FY17 as compared to Rs. 90 crore for the corresponding period a year ago. Gross non- performing assets of the NBFC have risen to 0.37 percent during this quarter as compared to 0.35 percent during the same quarter a year ago.
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