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    FAQs

What is the difference between fixed rate and floating rate of interest?

IT Support – May 9, 2022

Taking home loan on a fixed interest rate implies that your monthly repayments will not be impacted during the loan tenure irrespective of any market conditions. The interest rate will be pre-determined and remain unchanged.

On the other hand, home loan monthly repayments vary periodically over the loan tenure, if taken on floating interest rate.