- March 31, 2020
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Most Housing Finance Companies offer the fixed rate as well as the adjustable rate (Variable – Floating rate) home loan to customers
Fixed rate: where the rate of interest charged by the HFC on the loan is constant over the tenure of the loan.
Variable rate : Commonly known as Floating Rate, where the rate of interest charged by the Home Finance Companies on the loan keeps changing with respect to the rates in the market over the tenure of the loan.