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What is Floating Rate of Interest? And Floating Rate of Interest Effect your EMI for Citi Bank Student Loan?

What is Floating Rate of Interest? And Floating Rate of Interest Effect your EMI for Citi Bank Student Loan?

  • Interest Rate does not change as per the market fluctuations
  • Having a fixed interest rate brings a sense of safety and security for the borrower
  • Since it entails a fixed monthly repayment schedule, it helps in easy budgeting

Drawbacks of Fixed Interest Rate:

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