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 , used car loan