As per newspaper report,one of the major public sector banks sold out its RS> 500 Cr. loan to IIFCL. This type of buying and selling of loans in banking sector is popularly known as,A. Teaser rate financing.
Take out financing is a kind of long term finacing by the banks. Like 15-20 years. It is also called as 'Take out Loan'. Usually Take out financing is used for real property and commercial purposes.