Fixed vs. Floating Home Loans: Choose Wisely for EMI Stability

• No universal answer; choice depends on income stability, risk appetite, and loan tenure.
• Fixed-rate loans offer predictability, stable EMIs, and protection from market ups and downs, ideal for first-time buyers.
• Fixed rates are often slightly higher and may incur penalties for early switching.
• Floating-rate loans align with market benchmarks, start with lower EMIs, and benefit from declining interest rates.
• Floating rates involve volatility; best for those with stable incomes and higher risk tolerance. Consider hybrid options.

Why It Matters: Choose between fixed and floating home loans based on personal financial comfort, not just market predictions.