Economy, asked by ajayhudge9158, 11 months ago

Difference between floating interest rate and fixed interest rate

Answers

Answered by sarraparda

Answer:

A fixed rate of interest on a loan would mean that the equated monthly installments or EMIs would remain constant over the tenure of the loan. On the other hand for floating interest rates, the EMIs would fluctuate as per the market dynamics, that is, when interest rates increase or decrease.

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