Floating Interest Rate

byPaytm Editorial TeamLast Updated: October 21, 2025

Definition

A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market conditions or benchmarks.

Tip

Borrowers should monitor rate changes as EMIs may increase or decrease accordingly.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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