I want to take a home loan, which is better fixed rate or floating rate?


3 Answers

Corey The Goofyhawk Profile
Corey The Goofyhawk , Epic has no limit, answered

Definitely a fixed rate. There won't be any surprises as the rates won't change with a fixed rate.

Walt O'Reagun Profile
Walt O'Reagun answered

Actually ... Floating rates may be better IN THE SHORT TERM.  So it depends on how long it will take you to pay off the loan.

Sonya Shir Profile
Sonya Shir answered

You can go in for a fixed rate home loan if you want the same rate throughout the loan tenure. This kind is unaffected by market fluctuations. However, if you want to experiment with market changes then go in for floating rate.

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