Reliance Capital PLR, Reliance Capital PLR Past Trend

Current Reliance Capital PLR

Last Updated 31st Dec 1969
PLR 18.00% * History
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Reliance Capital Interest Rates
Home Loan Interest Rates 10.00% * Floating
  • This is a notional interest rate to which interest rate on Reliance Capital’s floating rate loans is benchmarked
  • Current Reliance Capital PLR is 18.00%, which was last updated by Reliance Capital on 01st Nov 15 as per information available with MyLoanCare.
  • 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
  • Reliance Capital 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, Reliance Capital typically offers a discount to the PLR to arrive at its lending rate

Reliance Capital PLR Vs. RBI

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

  • PLR rate can be revised by Reliance Capital periodically in line with changes in interest rates in the market

Reliance Capital home loan interest rate and PLR

  • Every floating rate loan sanctioned by Reliance Capital 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 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 Reliance Capital 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 Reliance Capital changes in PLR rate, the applicable rate of interest will change correspondingly.

Past trend of Reliance Capital 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
01st Nov 15 18.00% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
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
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
01st Dec 11 18.25%
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
25th Jan 11: 0.25% repo hike by RBI
02nd Nov 10: 0.25% repo hike by RBI
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

Reliance Capital PLR Vs. RBI Repo Rate Trend

About Reliance Capital

  • Reliance Capital's registered office is located at .
  • Reliance Capital's management is led by its CEO Mr. Sam Ghosh.
  • Its current PLR is 18.00%, which was last revised on 01st Nov 15.
News - Dec 2016
17th Dec 15 Reliance Housing Finance targets Rs 50,000 crore AUM by 2020
Reliance is targeting AUM of Rs 50,000 crore by 2020 as it aims to join top-five league in the home loan market in 3 years
14th Dec 15 Reliance Housing Finance eyes slot in top 5
Reliance Housing plans to be amongst the top five HFCs in the next 3 years with a target AUM of Rs 50,000 crore by 2020
04th Nov 15 Reliance Housing Finance lowers home loan rates to 9.55%
Reliance Housing Finance has announced a 25 basis point reduction in its lending rates to 9.55% matching with the rates offered by Indiabulls and DHFL
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