An individual who takes a mortgage loan who can choose one of two any rate of interest. Two types of interest rates on mortgage loans are there. An individual who wishes to take a loan against property can choose any one of two types of interest rates. These interest rates vary according to the duration of the loan, first one is Adjustable interest rate on Mortgage loan, second one is Fixed interest rate on Mortgage loan. Adjustable rate of interest on Mortgage Loans: loan duration 10 to 20 years This interest rate is not fixed static, it varies according to prevailing market conditions. as fer RBI Bank rules, If the RBI bank increases the home loan and mortgage loan interest rate