Reliance Capital PLR Rates, Reliance Capital PLR – Apr 2018

Reliance Capital PLR Rate

Current PLR rate of Reliance Capital is 18.00%, which the bank fixes periodically based on its internal cost of funds and the current interest rates in the economy. Reliance Capital benchmarks its interest rates for home loan and other loans to PLR rates.

PLR 18.00% * History

Reliance Capital Interest Rates

Reliance Capital Interest Rates
Home Loan Interest Rates 10.00% * Floating Detail

PLR of Reliance Capital

  • Reliance Capital 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.
  • Reliance Capital typically offers loans benchmarked at a discount to the PLR to arrive at its lending rate.

Reliance Capital PLR Rate Trend

Date RBI Repo Rate Reliance Capital PLR Rate
02nd Aug 17 0.25%
04th Oct 16 0.25%
05th Apr 16 0.25%
01st Nov 15 18.00% 0.25%
29th Sep 15 0.5%
02nd Jun 15 0.25%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
29th Oct 13 0.25%
20th Sep 13 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
29th Jan 13 0.25%
17th Apr 12 0.5%
01st Dec 11 18.25%
25th Oct 11 0.25%
16th Sep 11 0.25%
26th Jul 11 0.5%
16th Jun 11 0.25%
03rd May 11 0.5%
17th Mar 11 0.25%
25th Jan 11 0.25%
  • MyLoanCare regularly tracks RBI repo rates and PLR rates of Reliance Capital to give past trend in the change in Reliance Capital 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 Reliance Capital Current PLR Rate of Reliance Capital is 18.00%, which was last revised on 01st Nov 15. On the other hand, current RBI Repo Rate is 6.00% which was last revised on 05th Apr 18.
  • It is not mandatory for Reliance Capital to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Reliance Capital Interest Rates- Benchmarked to PLR Rates

  • Reliance Capital PLR rate is notional interest rate to which interest rate on Reliance Capital’s floating rate loans is benchmarked. Typically, all loans by Reliance Capital are priced at a discount to the Reliance Capital PLR.
  • Applicable rate of interest on all Reliance Capital 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, Reliance Capital 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.

Reliance Capital Home Loan Interest Rate and PLR

  • Every floating rate home loan sanctioned by Reliance Capital 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).
  • Your loan from Reliance Capital will be repriced periodically depending upon change in PLR. So, a home loan from Reliance Capital will be repriced every time the PLR of changes. Say, you take a loan at PLR minus 6.75% spread when the PLR is 18.00%. This loan will initially be priced at 11.25%. Whenever Reliance Capital changes in PLR rate, the applicable rate of interest will change correspondingly. So in the same illustration, if Reliance Capital decreases its PLR by 0.5%, the loan interest rate for existing borrowers will also decline by 0.5% and new applicable interest rate on the loan will be 10.75%.

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    About Reliance Capital

    • Reliance Capital's registered office is located at H Block,1st Floor,?.
    • Reliance Capital's management is led by its CEO Mr. Sam Ghosh.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
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