Are You Better Off With a Floating or Fixed Interest Rate Home Loan?

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The Reserve Bank of India (RBI) recently announced that banks allow borrowers the choice to change their floating interest rates to fixed rates.

The RBI also indicated that all existing borrowers must receive information about the available options through suitable communication channels.

This video elucidates the difference between the floating interest rate and fixed interest rate, the current guidelines provided by the RBI, and which of the interest regime is best for home loan borrowers considering the current home loan interest rate conditions.

#homeloan #interestrates #homeloaninterestrate

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