SHOULD YOU OPT FOR A FIXED RATE OR A FLOATING RATE HOME LOAN
                     SHOULD YOU OPT FOR A FIXED RATE OR A FLOATING RATE HOME 
LOAN?
The Basics of Home Loan
• You can apply for a home loan that 
can help you deal with your fund issue. 
The banks and financial institutions 
offer you a home loan and fund up 
your home in a certain percentage. 
However, a home loan comes with an 
interest rate charged by the loan 
provider on the amount you borrow. 
Go for a fixed rate
• A fixed-rate of interest is not subjected 
to any change or variation. It is a fixed 
rate of interest and you need to pay a 
fixed percentage till the end of your loan 
tenure. The rate is fixed during you take 
a loan and pay that same rate 
throughout the term. Even though the 
market rate changes and conditions fall, 
you will have to pay the same rate for 
the years. There will not be any increase 
or any decrease in the rate. This scheme 
is perfect for those who want a static 
EMI with no room for changes. If you 
are not willing to go as per the market 
standards, then this is fine for you. 
Go for floating rate
• A floating rate is subject to changes and 
variation. It completely depends upon the 
market rates and changes. As the market 
develops or drops, the rate of interest also 
changes. You start with a rate of interest, 
but you don’t pay that for the rest of your 
tenure. It will change, either for good or for 
less. The floating rates always start with a 
low rate of interest, and then it can further 
drop or rise. People who want to follow the 
market standards can go for a floating rate. 
Also, if you are going for something 
dynamic you may end up paying a high rate 
of interest. 
Wrapping up
• Apply for home loan and then 
decide what kind of interest rate 
you want to go for. Both of them 
have it’s an advantage, the choice 
is yours. It completely depends on 
your needs and preference.
Clix Capital Services Private Limited
 Address: 9th Two Horizon Center, 901b, DLF Phase 5, Sector 43, Gurugram, Haryana 
122002
 Call us: 1800 200 9898
 Email us: [email protected]
 Visit: https://www.clix.capital/home-loan
Read More: www.clix.capital/clixblog/reasons-for-home-loan-application-rejection-what-you-can-learn-from-them