Fixed and Floating ROI for Home Loan

As the word suggests: Fixed ROI is the one which remains fixed for the entire loan amount period and in floating the ROI will keep waving up and down depending on the market and the benchmark set up by the banks in the contract.

Which one to go for???

Frankly there is nothing like which one is better and for which one to go for? If there would existed such a thing like which is better then the market would not have existed as people would have gone for the better one, of course.

This decision depends on person to person choice and more importantly on the current market scenario. Depending on the rate by which the market is going up or down fix the type of ROI you would like to pay the banks with regards to your loan principal amount. However to understand the market and ROI type better it is always advisable to keep a track of the market and to review your decision after every 6 months, at the least.