text: Question: What Is Current Rplr Of HDFC? - taneycrier.com
  What is the full form of PLR?
  What is the meaning of Rplr?
  Who decides Rplr?
  What is Rplr HDFC?
  PLR (Prime Lending Rate) is the internal benchmark rate used for setting up the interest rate on floating rate loans sanctioned by Non Banking Financial Companies (NBFC) and Housing Finance Companies (HFC)..
  Retail Prime Lending RateThe Retail Prime Lending Rate (RPLR) is also loosely referred to as the Benchmark Prime Lending Rate (BPLR). It is the benchmark on which the banks price their loans to customers and is based on the average cost of funds of the bank.
  The key difference between Banks and HFC's is that Banks are governed by RBI (Reserve Bank of India) and HFC's are governed by NHB (National Housing Bank). Now before proceeding further let me introduce one more term "Spread" for floating Home Loans under BPLR.
  "HDFC reduces its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 10 basis points, with effect from November 10, 2020," HDFC said in a release. The change will benefit all existing HDFC retail home loan customers, it added.