Loan Interests
This query is : Resolved
14 February 2008
Expalin housing loans - fixed interest rate and floating interest rate.
merits & demerits
S.K.
Expalin housing loans - fixed interest rate and floating interest rate.
merits & demerits
S.K.
14 February 2008
Fixed interest rate means rate existed at the time of taking of loan would prevail during the currency of loan.floating interest rate mean rate will change whenever the bank or rbi changes its rates.In some cases it was observed that,when the RBI change the PLR,banks have also changed the fixed rate also.
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