Economics · Banking in India
What is meant by a 'Teaser Loan' or 'Teaser Rate' in banking?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An interest-free loan offered to low-income groups
- 2An introductory low interest rate that increases significantly in later years✓
- 3A floating interest rate that varies with market indices
- 4A fixed interest rate charged by banks throughout the loan tenure
Correct answer
An introductory low interest rate that increases significantly in later years
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