General
Understanding Home Loan Interest Rates
Pristine Finserve
Jul 20, 2025
5 min read
Home loan interest rates can be confusing. This guide explains the different types of interest rates and how to get the best deal.
Fixed vs Floating Rates
Fixed rates remain constant throughout the tenure, while floating rates change with market conditions.
How Interest is Calculated
Most home loans use a reducing balance method, where interest is calculated on the outstanding principal.