When it comes to applying and securing a loan in India, your prospective lenders will offer you two types of interest – fixed and floating interest rate. Some borrowers face the dilemma of fixed interest rate vs floating interest rate while deciding to avail the best loan rates that could help them save money. Applying for the fixed interest rate means paying a fixed loan EMI over the tenor. People with a fixed income and who don’t want to hamper their monthly income opt for the fixed rate. It saves…
Read MoreTop 3 Benefits of Floating Interest Rates in India
