1 / 7Most people take out a loan from a bank to fulfill their dream of a home. The interest rate is decided on the loan. However, there is always the question of whether to take a home loan at a fixed rate or at a floating rate. Let us know exactly what to decide.2 / 7The rate of floating loan varies according to the market. As the RBI raises the repo rate, banks make loans more expensive. At that time, the interest rate on your loan also goes up. In the following situations, you may want to consider taking out a home loan at a floating rate.3 / 7Fixed home loan rates are usually slightly higher than floating rates. If this difference is too much, you can consider it. This will save you money on interest.4 / 7You can choose floating interest rates even if you think that interest rates may come down in the near future or if you want to avoid penalties in case of pre-payment of the loan.5 / 7In a fixed rate home loan, the interest rate is fixed at the time of borrowing and remains the same throughout the loan period. You can choose a fixed rate home loan according to the following conditions.6 / 7If you think that interest rates will not go down now. The interest rate has come down and you want to keep it the same. If the EMI generated at the current interest rate is suitable for your loan, you can opt for a fixed rate.7 / 7If you're still confused, you can choose a combination of the two, a little static and a little floating. Since you are currently paying the loan installment, you can opt for a fixed rate home loan for a home loan and then float for the rest of the term.