Fixed vs Floating Interest Rates on Home Loan 2022
3 Facts about Interests taken by Banks in India
Fixed vs Floating.
1. Floating interest will keep on changing according to change in RBI"s repo rate, where as Fixed Interest will be fixed through out the loan tenure.
2. Floating interest is usually lower then fixed while opting for Home loan.
3. No Preclosure charges in Floating interest Home Loans.
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