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Old 05-18-2017, 09:02 AM
personallawyerflorida personallawyerflorida is offline
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Post Which is better, a fixed or variable rate loan?

Plz give me a right suggestion about the question.....
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Old 06-07-2017, 01:35 AM
divi divi is offline
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Default Re: Which is better, a fixed or variable rate loan?

Fixed rate loan is your interest would be fixed. There won't be any changes in the interest rate.It would be the same interest rate you need to pay which you agreed upon while taking the loan. Where as variable interest rate is the interest rate keeps changing according to the market and it also depends on the outstanding balance. Fixed rate you would pay so much interest by the end but in variable you can save whenever there is drop in the interest rate. But there can be a raise in the interest rate also. So it would be better if you calculate it with the loan amount you needed. http://www.mymoneysouq.com/loans/com...onal-loans-uae
Check this. May be you will get a clear idea.
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