What is the diifference between fixed and floating interest rates?

By IndianMoney , 1 year ago
Under fixed interest rates, you will have to pay fixed EMI until the duration of the loan. In the case of floating rate, the EMIs would fluctuate based on interest rate varies as per the market dynamics.
Trending Questions
Recent Questions
Related Questions
- i have taken 50000 education loan from kvg bank in2014 2015 what will be the interest i have to repay now?
- What is a Medical Loan?
- What are the current interest rates on Medical Loans?
- What are the eligibility criteria for a Medical Loan?
- Can I get a loan for surgery?
- What credit score do you need for a medical loan?