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Your results are here!! for" PNB Personal Loan Scheme for LIC of India Employees "
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Question 1 of 10
1. Question
What is the objective of the PNB Personal Loan Scheme for LIC of India Employees?
Correct
The scheme is specifically designed as a personal loan scheme for LIC employees.
Incorrect
The scheme is specifically designed as a personal loan scheme for LIC employees.
Unattempted
The scheme is specifically designed as a personal loan scheme for LIC employees.
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Question 2 of 10
2. Question
What is the purpose of the PNB Personal Loan Scheme for LIC employees?
Correct
The loan is intended to meet all types of personal needs.
Incorrect
The loan is intended to meet all types of personal needs.
Unattempted
The loan is intended to meet all types of personal needs.
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Question 3 of 10
3. Question
Which LIC employees are eligible for the scheme?
Correct
All confirmed/permanent employees of Life Insurance Corporation of India with a minimum of 1 year‘s service are eligible.
Incorrect
All confirmed/permanent employees of Life Insurance Corporation of India with a minimum of 1 year‘s service are eligible.
Unattempted
All confirmed/permanent employees of Life Insurance Corporation of India with a minimum of 1 year‘s service are eligible.
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Question 4 of 10
4. Question
What is the maximum loan amount under the scheme?
Correct
The maximum loan amount is Rs. 20.00 lakh, subject to the stated salary multiple and repayment capacity.
Incorrect
The maximum loan amount is Rs. 20.00 lakh, subject to the stated salary multiple and repayment capacity.
Unattempted
The maximum loan amount is Rs. 20.00 lakh, subject to the stated salary multiple and repayment capacity.
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Question 5 of 10
5. Question
The loan amount can be up to how many times the gross monthly salary?
Correct
The scheme provides finance up to 24 times the gross monthly salary, subject to the maximum loan amount and repayment capacity.
Incorrect
The scheme provides finance up to 24 times the gross monthly salary, subject to the maximum loan amount and repayment capacity.
Unattempted
The scheme provides finance up to 24 times the gross monthly salary, subject to the maximum loan amount and repayment capacity.
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Question 6 of 10
6. Question
What is the margin applicable under the PNB Personal Loan Scheme for LIC employees?
Correct
The margin under the scheme is Nil.
Incorrect
The margin under the scheme is Nil.
Unattempted
The margin under the scheme is Nil.
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Question 7 of 10
7. Question
When is security not required under the scheme?
Correct
No security is required if the salary credited in the account is more than Rs. 75,000 per month in the last 3 months.
Incorrect
No security is required if the salary credited in the account is more than Rs. 75,000 per month in the last 3 months.
Unattempted
No security is required if the salary credited in the account is more than Rs. 75,000 per month in the last 3 months.
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Question 8 of 10
8. Question
What is required in cases where the specified salary-credit condition for nil security is not met?
Correct
In all other cases, a suitable third-party guarantee acceptable to the Bank is required.
Incorrect
In all other cases, a suitable third-party guarantee acceptable to the Bank is required.
Unattempted
In all other cases, a suitable third-party guarantee acceptable to the Bank is required.
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Question 9 of 10
9. Question
What is the maximum repayment period specified for the loan?
Correct
The entire loan, including principal and interest, must be repaid within the remaining period of service or a maximum of 72 months, as applicable.
Incorrect
The entire loan, including principal and interest, must be repaid within the remaining period of service or a maximum of 72 months, as applicable.
Unattempted
The entire loan, including principal and interest, must be repaid within the remaining period of service or a maximum of 72 months, as applicable.
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Question 10 of 10
10. Question
What is the rate of interest for LIC employees not having a salary account with PNB?
Correct
LIC employees not having a salary account with PNB are charged RLLR + BSP + 0.50%.
Incorrect
LIC employees not having a salary account with PNB are charged RLLR + BSP + 0.50%.
Unattempted
LIC employees not having a salary account with PNB are charged RLLR + BSP + 0.50%.