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Your results are here!! for" Overdraft/Term Loan to Housing Loan Borrowers for Personal Needs "
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Question 1 of 10
1. Question
What is the objective of the Overdraft/Term Loan facility to Housing Loan Borrowers?
Correct
The facility provides an additional Overdraft or Term Loan facility for personal use to existing, new or takeover Housing Loan borrowers.
Incorrect
The facility provides an additional Overdraft or Term Loan facility for personal use to existing, new or takeover Housing Loan borrowers.
Unattempted
The facility provides an additional Overdraft or Term Loan facility for personal use to existing, new or takeover Housing Loan borrowers.
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Question 2 of 10
2. Question
Who is eligible for the Overdraft/Term Loan facility?
Correct
All Housing Loan borrowers, including existing, new and takeover cases, are eligible.
Incorrect
All Housing Loan borrowers, including existing, new and takeover cases, are eligible.
Unattempted
All Housing Loan borrowers, including existing, new and takeover cases, are eligible.
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Question 3 of 10
3. Question
For which purpose is the loan facility not permitted?
Correct
The loan is not permitted for any trade, business or other speculative purposes.
Incorrect
The loan is not permitted for any trade, business or other speculative purposes.
Unattempted
The loan is not permitted for any trade, business or other speculative purposes.
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Question 4 of 10
4. Question
What is the permitted purpose of the Overdraft/Term Loan facility?
Correct
The facility is intended for personal needs or personal use.
Incorrect
The facility is intended for personal needs or personal use.
Unattempted
The facility is intended for personal needs or personal use.
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Question 5 of 10
5. Question
What is the maximum amount available under the Term Loan facility?
Correct
The maximum Term Loan amount is Rs. 250.00 lakh, with a minimum of Rs. 2 lakh.
Incorrect
The maximum Term Loan amount is Rs. 250.00 lakh, with a minimum of Rs. 2 lakh.
Unattempted
The maximum Term Loan amount is Rs. 250.00 lakh, with a minimum of Rs. 2 lakh.
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Question 6 of 10
6. Question
What is the maximum Overdraft Limit available under the facility?
Correct
The maximum Overdraft Limit is Rs. 50.00 lakh, with a minimum of Rs. 2 lakh.
Incorrect
The maximum Overdraft Limit is Rs. 50.00 lakh, with a minimum of Rs. 2 lakh.
Unattempted
The maximum Overdraft Limit is Rs. 50.00 lakh, with a minimum of Rs. 2 lakh.
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Question 7 of 10
7. Question
What is the minimum amount for both the Term Loan and Overdraft Limit?
Correct
Both the Term Loan and Overdraft Limit have a minimum amount of Rs. 2 lakh.
Incorrect
Both the Term Loan and Overdraft Limit have a minimum amount of Rs. 2 lakh.
Unattempted
Both the Term Loan and Overdraft Limit have a minimum amount of Rs. 2 lakh.
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Question 8 of 10
8. Question
What are the two forms in which the facility can be provided?
Correct
The facility may be provided either as an Overdraft Limit or as a Term Loan.
Incorrect
The facility may be provided either as an Overdraft Limit or as a Term Loan.
Unattempted
The facility may be provided either as an Overdraft Limit or as a Term Loan.
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Question 9 of 10
9. Question
What is the repayment period for the Term Loan?
Correct
The Term Loan is repayable in 10 years or the remaining period of the Housing Loan, whichever is lower.
Incorrect
The Term Loan is repayable in 10 years or the remaining period of the Housing Loan, whichever is lower.
Unattempted
The Term Loan is repayable in 10 years or the remaining period of the Housing Loan, whichever is lower.
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Question 10 of 10
10. Question
What security is required for the Overdraft/Term Loan facility?
Correct
Security is provided by extension of charge on the immovable property mortgaged or to be mortgaged.
Incorrect
Security is provided by extension of charge on the immovable property mortgaged or to be mortgaged.
Unattempted
Security is provided by extension of charge on the immovable property mortgaged or to be mortgaged.