Economy RBI not in favour of 'teaser' loans, examines rate-setting mechanism of NBFCs, HFCs Updated : September 19, 2019 06:43 AM IST Hybrid loan products allow banks to initially offer a fixed rate for long term products like home loans for the first few years and then convert it to floating rate. The central bank does not plan to extend external benchmarking regime to NBFCs and HFCs immediately. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.