Buying a dream home is a major financial decision, and choosing the right home loan can have a huge impact on your monthly payments and overall cost. One of the most important choices you’ll face is whether to opt for a fixed interest rate or a floating interest rate. But which one is better? Let’s break it down. What is a Fixed Interest Rate? A fixed interest rate remains constant throughout...
Housing Loan
The Reserve Bank of India (RBI) has recently announced a reduction in the repo rate from 6.50% to 6.25%, a move that is set to have a significant impact on the housing loan sector. This reduction is expected to bring relief to home loan borrowers, making housing finance more affordable and accessible. Understanding the Repo Rate The repo rate is the rate at which the RBI lends money to commercial...