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Your results are here!! for" PNB Gen-Next Housing Finance Scheme for Salaried "
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Question 1 of 10
1. Question
What is the main objective of the PNB Gen-Next Housing Finance Scheme for Salaried?
Correct
The scheme aims to provide housing finance to Gen-Next salaried borrowers such as IT professionals, PSBs/PSUs and Government employees to have a decent home.
Incorrect
The scheme aims to provide housing finance to Gen-Next salaried borrowers such as IT professionals, PSBs/PSUs and Government employees to have a decent home.
Unattempted
The scheme aims to provide housing finance to Gen-Next salaried borrowers such as IT professionals, PSBs/PSUs and Government employees to have a decent home.
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Question 2 of 10
2. Question
What is the minimum work experience required for salaried employees under the scheme?
Correct
All salaried employees covered under the scheme should have a minimum of 3 years‘ experience.
Incorrect
All salaried employees covered under the scheme should have a minimum of 3 years‘ experience.
Unattempted
All salaried employees covered under the scheme should have a minimum of 3 years‘ experience.
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Question 3 of 10
3. Question
What is the requirement regarding the co-borrower under the scheme?
Correct
The co-borrower will also be from the salaried class.
Incorrect
The co-borrower will also be from the salaried class.
Unattempted
The co-borrower will also be from the salaried class.
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Question 4 of 10
4. Question
What is the maximum age of the primary borrower under the scheme?
Correct
The borrower should be up to the age of 40 years.
Incorrect
The borrower should be up to the age of 40 years.
Unattempted
The borrower should be up to the age of 40 years.
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Question 5 of 10
5. Question
In case of multiple borrowers whose income is considered for loan eligibility, what is the maximum age permitted for the other borrowers?
Correct
One borrower must be at least up to 40 years of age, while the other borrowers may be maximum 45 years of age.
Incorrect
One borrower must be at least up to 40 years of age, while the other borrowers may be maximum 45 years of age.
Unattempted
One borrower must be at least up to 40 years of age, while the other borrowers may be maximum 45 years of age.
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Question 6 of 10
6. Question
What is the minimum net monthly salary required under the scheme?
Correct
The minimum net monthly salary required is Rs.35,000.
Incorrect
The minimum net monthly salary required is Rs.35,000.
Unattempted
The minimum net monthly salary required is Rs.35,000.
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Question 7 of 10
7. Question
What is the minimum loan amount under the PNB Gen-Next Housing Finance Scheme?
Correct
The minimum amount under the scheme is Rs.20 lakh.
Incorrect
The minimum amount under the scheme is Rs.20 lakh.
Unattempted
The minimum amount under the scheme is Rs.20 lakh.
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Question 8 of 10
8. Question
Up to what multiple of the loan amount calculated under the regular housing loan method can finance be provided, subject to conditions?
Correct
Finance can be provided up to 1.25 times the loan amount calculated under the regular housing loan method, subject to prescribed LTV and repayment capacity.
Incorrect
Finance can be provided up to 1.25 times the loan amount calculated under the regular housing loan method, subject to prescribed LTV and repayment capacity.
Unattempted
Finance can be provided up to 1.25 times the loan amount calculated under the regular housing loan method, subject to prescribed LTV and repayment capacity.
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Question 9 of 10
9. Question
What is the repayment period under the PNB Gen-Next Housing Finance Scheme?
Correct
The scheme provides a flat repayment period of 30 years.
Incorrect
The scheme provides a flat repayment period of 30 years.
Unattempted
The scheme provides a flat repayment period of 30 years.
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Question 10 of 10
10. Question
What amount of term insurance is mandatorily required under the scheme?
Correct
Term insurance of at least equal to the loan amount must be mandatorily obtained. The premium may be financed at the borrower‘s option.
Incorrect
Term insurance of at least equal to the loan amount must be mandatorily obtained. The premium may be financed at the borrower‘s option.
Unattempted
Term insurance of at least equal to the loan amount must be mandatorily obtained. The premium may be financed at the borrower‘s option.