Three foreign banks — Citibank, Standard Chartered Bank and HSBC Bank — have launched semi-fixed interest rate home loans, popularly known as teaser loans, to attract customers during the festive reason. To avoid the Reserve Bank of India’s frown, they have made these products transparent. A few years ago many banks had launched teaser loans but subsequently withdrew them. In case of Citibank and HSBC Bank, the new offering is valid on loan bookings till November 30..............
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