Civil Services Uttarakhand Combined State Civil/Upper Subordinate Services Examination 2025 Current Affairs Business and Economy
Which of the following best describes 'teaser loans'?
1
These are loans advanced to successful start-ups and businesses with very high turnovers.
2
These are loans with very long tenures and fixed interest rates.
3
These are collateral-free loans advanced to customers with even low creditworthiness.
4
These are loans that charge comparatively lower rates of interest in the first few years after which the rates are adjusted to the market levels.