Fixed vs Floating Home Loan Rates: What is the difference? Which can benefit you more?
Often people have this question in their mind that while taking a home loan, which option would be better between fixed or floating interest rate. Today, we will tell you the difference between the two, which will help you in taking the right decision.
In the fixed interest rate, the interest rate is fixed at the time of taking the loan. In floating rate, the interest rate is decided depending on the market condition. Photo: Pixabay/Representational