2020-07-18T06:05:09
TWO TYPES OF INTEREST RATES IN HOME LOAN
An individual who wishes to take a Home loan can choose between two types of interest rates. These interest rates vary according to the duration of the loan.
FIXED INTEREST RATE home loan : duration first 3 to 10 years , This interest rate remains fixed first 3 to 10 years of the house loan duration. It varies from institution to institution but the general rate .
FLOATING INTEREST FOR home loan process : duration 1 to 20 years and 30 years , This interest rate is not fixed and static, it varies according to prevailing market conditions.
home loans , mortgage loan , loan against property , housing loan , home construction loan , flat purchase loans
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