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formula convert fixed rate reducing rate


Banks
Axis bank

Axis bank

Home Loan : Axis Bank's Power Home puts an end to your Real Estate troubles. Augment your reach and buy the house that you've set your heart on....
Canara Bank

Canara Bank

Loan Against Property : If you own a valuable asset in the form of a self-occupied house or a commercial property you can go for a loan against property. It is a secured...
Home Loan : Home loan is given for construction / purchase / repairs / additions / renovations of residential house / flat including the purchase of land and...
Loan Faqs
Faq

Can a fixed rate loan be converted to a floating rate loan and vice versa? :

Yes, you can convert floating rate home loan into a fixed rate one with no extra charges. However, banks charge a small fee for converting a fixed rate product to a variable rate product. The swap can be done any number of times and at any point of time.
Faq

What is a fixed rate loan? :

In a fixed rate loan the interest rate on the loan charged by the bank is constant over the tenure of the loan. You should go for a fixed rate only if you feel that the rate of interest prevailing in the market have touched rock bottom and the rates can only move upwards.
Loan Blogs
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The basics of business loan

Business loans are provided by various banks to business people for their short or long term financial needs. A lot of times it is important for businessmen to acquire a certain amount of money for running their enterprise. It is well known that without the required capital no business can run....
Blog

How to select the right bank for home loan

Owning a house of own is a dream for every person. Lots of people go for any bank loan in the case they can not afford to pay the full price of a house. Banks and other financial institutions offer home loans to people who meet the required eligibility. Various banks offer home loan with their...
Insurance
Aviva Life Insurance Company India Limited

Aviva Life Insurance Company India Limited

Aviva is the world's 5 largest insurance company and is based in UK. The company has about 359 billion pounds of assets under management. Aviva operates in over 27 countries with a customer base of...
Life Insurance: Children Plan : Aviva Young Scholar,   Aviva Little Master
Life Insurance: Retirement Plan : Secure Pension,   Pension Plus
Life Insurance: ULIP Plan : Life Saver,   Aviva Easy Life Plus,   Life Bond 5,   Life Saver Plus,   Freedom LifePlan,   SaveGuard ,   Life Long,   Life Bond Plus,   Aviva Sachin Century Plan,   Aviva Life Line
Insurance Faqs
Faq

What is a life insurance policy? :

A life insurance policy is a legal agreement between an insured and an insurance company. According to that a fixed amount of money is paid to the insured or the beneficiaries at the end of its term or upon the death of the insured.
Insurance Blogs
Blog

Basics of life insurance

Life insurance provides a family with financial support in the case of death of the breadwinner of the family. According to a life insurance policy, a fixed amount of money is paid to the insured or the beneficiary at the end of its term or upon the death of the insured. Life insurance also...


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