An interest rate ceiling may be attached to a loan including a government guarantee if the interest rate ceiling fee is not attached to the margin nor added to the principal. In other words, the interest rate ceiling fee must be completely separate from the principal of the loan, nor can it be attached to the margin.
The interest rate ceiling fee may be a one-time payment, or it may be paid in instalments, but the fee must be separate from the monthly instalment of the housing loan. The government guarantee will not cover any of the costs of an interest rate ceiling.
Government-guaranteed loans may also have a fixed interest. However, loans with government guarantees cannot have interest rate collars.