Comparing EMI Options: Fixed vs. Floating Interest Rates

Ramiya and Pia are sisters who sat sipping chai on their balcony. They were discussing on the importance of choosing between floating and fixed interest rates for personal loan. Pia, the elder sister, and a risk-averse financial planner, argued in favour of fixed interest rates. “Ramiya,” she said, “I’ve been researching the best way to … Read more