....... NHB’s opinion is that the current range of fixed-cum-floating rate products are different from teaser loans launched earlier. The main difference is that the fixed rate charged in the first few years is comparable with the prevalent market rate, said R.V. Verma, chairman and managing director of NHB. “The fixed interest rates in the initial years are market-related rates and are not artificially low. Artificially low interest rates in the initial years was the main attraction of teaser products,” he said.......
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