Teaser loans:
- Teaser loans are loans that offer a lower rate of interest in the first few years after which the rates are increased.
- SBI pioneered the teaser rate concept in home loans in November 2009.
- The teaser loans are considered to be an aspect of sub-prime lending.
- Hence, Subprime lending is the practice of lending to borrowers with a low credit rating that may be exposed to the risk of defaulters in future.
#Quick_Revision_Series_2022
- Teaser loans are loans that offer a lower rate of interest in the first few years after which the rates are increased.
- SBI pioneered the teaser rate concept in home loans in November 2009.
- The teaser loans are considered to be an aspect of sub-prime lending.
- Hence, Subprime lending is the practice of lending to borrowers with a low credit rating that may be exposed to the risk of defaulters in future.
#Quick_Revision_Series_2022
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Q. Why is the offering of "Teaser loans" by commercial banks a cause of economic concern?
1) The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2)In India, the teaser loans are are mostly given to inexperienced entrepreneurs to set up manufacturing or exports unit.
1) The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2)In India, the teaser loans are are mostly given to inexperienced entrepreneurs to set up manufacturing or exports unit.
Which of the statements given above is/are correct?
Anonymous Quiz
41%
a) 1 only
6%
b) 2 only
50%
c) Both 1 and 2
3%
d) Neither 1 nor 2
Forwarded from Study UPSC Official (mohit)
Q.An instrument called MOXIE, aboard NASA’s Perseverance rover, was able to successfully convert a compound found in the Martian atmosphere into an element. What element was created on Mars?
Anonymous Quiz
27%
Oxygen
27%
Carbon dioxide
40%
Methane
6%
Mercury
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🎯Targets for Art & culture 8AM session on 13th May 2022
✅puppetry
✅scientists of India
✅unesco intangible heritage sites
🔥Economic Survey 2022 Discussion
Time: 6 PM
🔥Environment PT 365 Discussion
Topic: 3.5.10. WORLD’S FIRST 5-COUNTRY BIOSPHERE RESERVE (Page 59 to 79)
Time: 9:30 PM
Place:- @studyUpscChannel
Please come prepared from your respective sources and share your inputs
✅puppetry
✅scientists of India
✅unesco intangible heritage sites
🔥Economic Survey 2022 Discussion
Time: 6 PM
🔥Environment PT 365 Discussion
Topic: 3.5.10. WORLD’S FIRST 5-COUNTRY BIOSPHERE RESERVE (Page 59 to 79)
Time: 9:30 PM
Place:- @studyUpscChannel
Please come prepared from your respective sources and share your inputs