Home Loan For Cibil Defaulters in ThaneMany banks have a interest rate system where they offer
fixed interest rates for the first 5 years subject to a resetting option lateron.
This is also a good option to go after. The main advantage of the fixed rate of
interest is that your EMI remains fixed for the entire period of the loan. This
is not the same in the floating rates. Banks are very quick to increase the
rates and EMI and demand the same when the rates go up. This can affect your