Ultimately, the decision-making factor often boils down to one point. If you expect rates to rise in the near future, fixed loans are safer. On the other hand, if you anticipate benchmark rates to ...
When you go to take a loan from the bank, the bank tells you about both fixed rate home loan and floating rate home loan. In fixed rate home loan, the interest rate is fixed at the time of taking the ...
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Cheaper interest rate: Interest rate of floating loans is usually lower by 75-250 basis points (bps). Even if the floating rate ticks up because of the market conditions, it would be for some part of ...