Majority of people opt for fixed rate of interest as their mortgage option. Fixed-rate mortgages are stable and your monthly payment will never fluctuate as long as your loan exists.Your rate of interest is going to be the same till the loan is paid off.On the other hand floating interest rate are unstable and fluctuates with time. Home loans on fixed interest rates are more beneficial than floating rates.Companies loke Punjab National Bank, SBI, Axis Bank, Canara bank offer best deals on housing loans.