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Thread: How to handle personal loan with less interest

  1. #1
    NewBie
    Join Date
    Sep 2019
    Location
    england
    Posts
    5

    Default How to handle personal loan with less interest

    Hi, I need to know how to handle my personal loan with less interest rates. Interesting rates are becoming a big headache. Is floating interest rates better than normal ones. Please guide me.




  2. #2
    PW Fan
    Join Date
    Jul 2019
    Location
    Hyderabad
    Posts
    59

    Default

    It depends on the type of the loan you are taking. If your personal loan is for short period then opt for fixed interest rate. If you opt any loan for long term then take floating rate, because floating rates may increase or decrease. Nowadays banks are becoming customer friendly so the interest rates may decrease gradually.


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