Which of the following statements regarding loan types is incorrect?
A) Capped loans provide some certainty to the borrower regarding interest rates for a specified period before they revert to standard variable loans.
B) Equity loans require the borrower to undergo an approval process each time they wish to borrow from this facility.
C) 100% offset loans benefit from potentially decreasing interest expenses for the borrower if used wisely.
D) None of the above.
Correct Answer:
Verified
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