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Fixed rates loans are better for long term loans

Discussion in 'Home finance' started by real_buzz, Nov 14, 2011.

  1. real_buzz Moderator

    Speaking in a conference, RBI Deputy Governer, Anand Sinha said that Fixed rate loans are better for long term loans. He said this in a scenario where interest rates are increased quite frequently and it is negatively impacting home loan customers.

    It has added fuel to a already existing debate of fixed rate vs floating rate for home loans. Looking at current scenario, interest rates hikes are looking to stay here for some time and probably going for fixed rate may make some sense.
  2. tcool Member

    now fixed rates are better
  3. baldev New Member

    looking at the current scenario, fixed rate home loans are better than floating rates
  4. Cira C. Jones New Member

    To be honest i never try it and it seem that is really interesting i was looking for a long term loan which will help me to my finances and it seem i already find it thanks.
  5. Aggarwalshipra New Member

    No, it is clearly seen in many studies that for long term loans flexible rate of interest is better than Fixed. As you see the Home loan it is generally taken for maximum 20 years and it is a possibility that the rate of interest may decrease in this situation. So it is better to opt for flexible rather then fixed.

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