What is the Difference Between Fixed and Floating Interest Rates in Education Loan?
Asked by Raushan Jain
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1 Answer
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A fixed rate of interest remains the same for your entire education loan's tenure. On the other hand, floating rates of loan can change over time, depending on market conditions and the repo rate decided by the Reserve Bank of India (RBI). It is suggested to choose fixed ROI, if you want stability, and floating ROI if you can handle fluctuations.
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