LICHFL says the rates are "Floating Rates" . But the fact is that it floats only upwards and never downwards. They are very prompt in raising your home interest rate the moment RBI increases the lending rates. You are never notified about this. EMI will be the same, but the tenure is goes up.
When I took the loan 5.5 years back, my interest rate was the market rate at that time. But right now my interest rate is~1% more than current home loan interest rate.
Absolutely not recommend to anyone.