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With an interest rate ceiling, home loan borrowers are protected from sudden and sharp increases in home loan rates. For instance, if your current home loan rate is 8% and your interest rate ceiling is 1%, then your interest rate can go only as high as 9% regardless of actual changes in the index.
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| | Nirali's 4 pieces Gift Set | Deluxe Kitchen Set - 3 Pieces | Heritage Casserole Set - 3 Pieces | | | | | | Rs.2,850 ($59.20) | Rs.675 ($14.02) | Rs.1,175 ($24.41) | |
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