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FAQ: What are the types of loan? - Property Hotline
Posted
June 17, 2016
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12
June 17, 2016
12
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3:41Now PlayingBe Un Confused
Expert: PV Subramanyam, Home Finance expert
Q: What is the difference between fixed interest and floating interest on a home loan?
Answer: In Fixed Interest, the lending company charges you a rate which remains fixed and remains fixed for a very long time while floating changes whenever there is a change in the base rate to which it is linked. However fixed interest is costlier than the floating interest.
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