If a floating rate is what you want, you should ideally opt for a «fixed spread floating rate of interest». (housing.com)
On the other hand, if interest rates have a likelihood of going downwards, a home loan at a floating rate of interest makes more sense for you. (housing.com)
In this type of loan the lender disburses a loan to finance a new or an old residential property at a fixed or floating rate of interest. (housing.com)