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Home Loan Interest Rates in India

... Most banks offer both floating interest rate home loans and fixed interest rate home loans. However over 95% of home loans in India are floating interest rate loans because the fixed interest rates are about 3% higher than the floating interest rates. In a floating rate home loan, the customer\'s home loan interest rate may vary over time as it is defined as the bank\'s index rate plus or minus a fixed amount (which is known as spread). This means that if the bank\'s index interest rate goes up or down by a certain amount, then the customer\'s ... [full article] (76 views)
This bookmark is tagged as: home loan interest rate | home loan | home loan in india | home loan comparison
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