The biggest advantage of these type of loans is that they move in tandem with the movement of interest rates in the economy.
In the last month or two, several banks have finally come out with home loan rates that are linked to external benchmark rates.
The biggest advantage of these type of loans is that they move in tandem with the movement of interest rates in the economy.Moneycontrol's Sakshi Batra chats with Raj Khosla, Founder and managing director of MyMoneyMantra.com, to understand what this will mean for borrowers.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.