Indian carmakers offer teaser loans as banking sources say RBI softens stance

Teaser loans offer low interest rates for the first few months or years to attract customers, but rates are later rapidly increased. So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2zUP7vj