As you will notice, interest rates charged on vary across various banks. Also, it is important to understand that the type of interest rate may also vary. The three most commonly offered interest rate types are:
- Fixed interest rate with reset clause
- Floating interest rate
- Mixed interest rate
Whether to opt for a fixed rate or a floating rate on your is a question most applicants ponder about. We invite you to use our calculator.
nterest Rates for Home Loans depend on the loan amount you are looking for, the tenure, the purpose and your individual profile. To know the current applicable home loan rates, you could use our tool that covers 102 banks.
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