What is Interest rate?
Interest rate (fixed vs floating)
Fixed stays the same; floating moves with the repo rate.
Short answer
"Fixed" rates that reset after 2–3 years.
Interest rate when buying a loans (india)
Fixed stays the same; floating moves with the repo rate.
Why it matters: Floating home loans fall when RBI cuts rates and have no prepayment penalty.
Look for: "Fixed" rates that reset after 2–3 years.
Full Loans (India) buying guide