What is best for you? A Fixed rate of Interest or a Floating rate of Interest for your Housing Loan?

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What is a fixed rate of interest?

As the name suggests the Fixed rate of Interest means that the rate of interest on the loan will be fixed throughout the tenure of the loan ensuring that the EMI also remains constant. The rate of interest is not effected by any policy changes or changes in the economic and financial situations of the market and hence gives the customer the comfort of planning his finances accordingly. read more