Question

RBI asked banks to stop offering teaser loans. What are teaser loans?

A Loans in which interest rate are floating and varies with time
B Loans in which interest rates are very low initially and increase over a period of time
C Loans in which interest rate is high initially and goes down with time
D Loans in which interest rate is fixed for the tenure of the loan
E Loans in which interest rates keeps on changing between fixed and floating as per the requirement of the bank
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