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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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| | Philips Grill - HD 4400 | Designer Tea / Coffee Mug Set | Royal Casserole Set - 3 Pieces | | | | | | Rs.5,495 ($114.15) | Rs.385 ($8.00) | Rs.985 ($20.46) | |
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