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About: Introductory rate     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Technique105665146, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatLoansyago:WikicatMarketingTechniquesyago:Ability105616246yago:Abstraction100002137yago:Cognition100023271yago:Debt113397174yago:Know-how105616786yago:Liabilities113396054yago:Loan113398953yago:Method105660268yago:Possession100032613yago:PsychologicalFeature100023100yago:Relation100031921shipyago:Technique105665146 New Facet based on Instances of this Class

An introductory rate (also known as a teaser rate) is an interest rate charged to a customer during the initial stages of a loan. The rate, which can be as low as 0%, is not permanent and after it expires a normal or higher than normal rate will apply. The purpose of the introductory rate is to market the loan to customers and to seem attractive. They are commonly used for the application of balance transfers, and they may or may not apply to cash advances.