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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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| | Sandwich Maker | Deluxe Kitchen Set - 3 Pieces | Designer Tea / Coffee Mug Set | Rs.1,000 ($20.77) | | | | Rs.800 ($16.62) | Rs.675 ($14.02) | Rs.385 ($8.00) | |
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