Dear TS,

In general, for short term wise of 5-10 yrs tenure, a floating rate is a good bet.

But if you're looking at anything more than that especially 20-30 years, I'd say Fixed Rate all the way.

Think about it, what can you refinance to if BLR were to go up 4 years from now? What packages would Banks be offering then? Do you think they will offer BLR minus 3-4% Packages? Very unlikely I'd say.

If say BLR were to go down further in 4 years time, then you're free to refinance again to a lower Fixed Rate. Yea, you may have lost out a bit on the 4 years, but the you'll gain much more with the 15-20 years left in your loan, as the BLR will eventually go back up.

Hope that helps you in looking at it from another perspective.

Regards.