Several Indian Financiers provide Home Loans these days. Also, due to the current pandemic condition and the market’s docile condition, home loan rates have come down. Under the circumstances, it is important for the borrowers, to decide as to whether they would prefer to go for Fixed Interest Rates or Floating Rates.
It was widely suggested, that due to the trend in the market conditions and the swift monetary control effected by RBI now and then, floating rate was considered to be the most popular interest rates preferred on Home loans. Here is an article which suggests that borrowers can look at switching to a low fixed rate and locking on to it due to the current market condition.
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