PNB Housing Finance PLR, PNB Housing Finance PLR Past Trend

Current PNB Housing Finance PLR

Last Updated 25th Nov 2016
PLR 14.35% * History
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PNB Housing Finance Interest Rates
Home Loan Interest Rates 9.30% * Floating
Loan Against Property Rates 10.75% * Floating
Fixed Deposit Interest Rates 7.80% to 7.80% *
  • 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
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 .
  • Highest fixed deposit interest offered by PNB Housing Finance is 7.80% per annum on deposits.
  • Its current PLR is 14.35%, which was last revised on 27th Apr 15.
News - Dec 2016
16th Nov 16 PNB Housing Finance net profit in the second quarter increases by 78 percent
PNB Housing Finance, in its first quarterly result after listing, reported an increase in its net profit by 78 percent to Rs. 137 crore in the quarter ended on 30th September, 2016 as compared to Rs. 77 crores during the same period a year ago. Total income also rose by 50 percent to Rs. 970 crores.
14th Oct 16 PNB Housing Finance cuts home loan rates by 10 basis points
PNB Housing has reduced its home loan rates by 10 bps. The floating home loan rates have been reduced to 9.45 per cent from 9.55 per cent while fixed rates decreased to 9.4 from 9.5 per cent. PNBHFL has also cut its loan against property rates by 25 bps to 11 per cent from 11.25 per cent. This rate cut will be effective from 14th October, 2016.
14th Oct 16 PNB Housing Finance gets SEBI approval for Rs. 2,500 Cr IPO
PNB Housing Finance got capital market regulator SEBI approval to raise Rs. 2,500 Cr through Initial Public Offering out of which a portion will be reserved for the employees. The housing finance company filed its IPO papers in July and SEBI issued its final observations on October 6th. Public sector lender PNB owns 51 percent stake in the company and after the IPO, it will continue to hold 35 to 37 per cent of the paid up share capital.
03rd Aug 16 PNB Housing Finance Limited join hands with AuthShield
PNB housing finance limited has tied up with AuthShield to secure the financial accounts of their customers. Authshield is the pioneering product of Innefu Labs which is an Information Security Company. PNB has taken the initiative to reduce the incidents related to hacking. AuthShield is designed to prevent hacking attacks on emails, ERPs, etc. PNBHFL is a 27 year old public sector housing finance company and is working on developing security products at affordable costs.
25th Jul 16 PNB Housing Finance plans to expand in tier 2, 3 cities
PNB Housing Finance is planning to expand its business to Pan India levelto meet the growing demand from tier-II and tier-III cities . At present, the company has 48 branches at 28 locations. The company is targeting 60 more locations that have a population of more than 8-9 million.
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