With home loan rates going up, is it time to move to fixed-interest-rate loans? - Moneycontrol

A fixed-rate loan, as the name suggests, has a steady interest rate. But there are costs involved with switching to such a loan and the change isn’t as smooth as you’d think. Fixed-rate loans carrying interest rates of over 8.25-8.5 percent may not be worth.

The party is officially over. Home loan borrowers, who have been used to low interest rates for the last four years, got a jolt on May 4 when Reserve Bank of India (RBI) governor Shaktikanta Das ann… [+5398 chars]

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