Monday, October 15, 2007

Fixed or Floating - Million Dollar Question

Under the current circumstance, which is a better option for home loan. Fixed or floating. Who gives cheapest interest rate.

1 comment:

rajesh said...

floating. take quotes from 2 - 3 playes, but go with HDFC. They are quite competitive and super efficient.

sometimes there could be some interesting schemes some of these smaller players offer which is quite attractive. I took at loan from kotak which is fixed to their 1 yr FD rate and reveiwed every thress eyars for a block of 3 yrs. - Semi fixed. Given this whilst rates have moved up to 11.5%, i am still paying 7.5% on my home loan. The next review is in april 2008. By then the rates would have seen some drop