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

Last Updated 29th Sep 2017

PNB Housing Finance Rate – Current Rate, Past Trend

PLR 14.35% * History
PNB Housing Finance Interest Rates
Home Loan Interest Rates 8.50% * Floating Detail
Loan Against Property Rates 9.75% * Floating Detail
Fixed Deposit Interest Rates 7.25% to 7.40% * Detail
  • 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 RBI Rates Bank Rates
02nd Aug 17 0.25%
08th Jun 17 0%
06th Apr 17 0%
08th Feb 17 0%
07th Dec 16 0%
04th Oct 16 0.25%
05th Apr 16 0.25%
29th Sep 15 0.5%
02nd Jun 15 0.25%
27th Apr 15 14.35% 0.15%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
29th Oct 13 0.25%
20th Sep 13 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
09th Feb 13 14.50% 0.5%
29th Jan 13 0.25%
01st May 12 14.00% 0.25%
17th Apr 12 0.5%
25th Oct 11 0.25%
16th Sep 11 0.25%
01st Aug 11 14.25% 0.75%
26th Jul 11 0.5%
16th Jun 11 0.25%
05th May 11 13.50% 0.5%
03rd May 11 0.5%
17th Mar 11 0.25%
01st Feb 11 13.00% 0.5%
25th Jan 11 0.25%
08th Dec 10 12.50% 0.75%
02nd Nov 10 0.25%
01st Oct 10 11.75% 0.75%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
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.
Pnb Housing Finance Base Rate, PLR
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