Home Loan Dilemma: Fixed vs Floating Rates - What's Best for You?

• Homebuyers face a crucial choice between fixed and floating interest rates for home loans, impacting future EMI burden.
• Fixed rates offer stable EMIs, protecting against market rate hikes, ideal for first-time buyers but often start higher.
• Floating rates begin lower and can decrease with market rates, but risk EMI increases if rates rise, suitable for stable high incomes.
• Experts advise considering job stability, monthly expenses, and loan period before deciding, not just the initial interest rate.
• Hybrid home loans offer a balanced approach, starting with a fixed rate and later switching to a floating rate.

Why It Matters: Choose between fixed or floating home loan rates based on financial stability and risk tolerance.