A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. During this fixed-rate period, the borrower’s interest payments do not change, allowing future repayments to be predicted with a high degree of certainty.
A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. During this fixed-rate period, the borrower’s interest payments do not change, allowing future repayments to be predicted with a high degree of certainty.
Source: Wikipedia "Fixed interest rate loan" · CC BY-SA 4.0
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