c7orpifreman
Answered

What is the reason for a bank to offer a customer to make a loan at a low initial rate which will increase after a set period of time?

ATo fool the customer into making an unmanageable commitment
BTo make the loan look more attractive and competitive in the long run
CTo make the loan look more attractive and competitive now
DThe bank accepts making less money in the later years of the loan

Verified Answer :

taskmasters

I think the correct answer from the choices listed above is option C. The reason for a bank to offer a customer to make a loan at a low initial rate which will increase after a set period of time is to make the loan look more attractive and competitive now. Hope this answers the question.

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