What is the Difference Between Fixed and Floating Interest Rates in Education Loan?
4 Views|Posted 5 months ago
Asked by Raushan Jain
1 Answer
A
Answered by
2 months ago
Fixed rate of interest remains same for your entire education loan's tenure. Floating rates of loans can change over time, depending on market conditions and repo rate. RBI decides repo rate. It is suggested to choose fixed ROI, if you want stability, and floating ROI if you can handle fluctuations.
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