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Your results are here!! for" PNB Loan Against Mortgage / Loan Against Property "
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Question 1 of 10
1. Question
For which of the following purposes can PNB Loan Against Mortgage / Loan Against Property be availed?
Correct
The loan is available for all personal purposes except speculative and prohibitive purposes. It cannot be used for investment in real estate business or speculation in stocks, shares, securities, commodities, bullion, etc.
Incorrect
The loan is available for all personal purposes except speculative and prohibitive purposes. It cannot be used for investment in real estate business or speculation in stocks, shares, securities, commodities, bullion, etc.
Unattempted
The loan is available for all personal purposes except speculative and prohibitive purposes. It cannot be used for investment in real estate business or speculation in stocks, shares, securities, commodities, bullion, etc.
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Question 2 of 10
2. Question
Who is eligible for PNB Loan Against Mortgage / Loan Against Property?
Correct
Individuals and joint owners are eligible, provided they have immovable property to be mortgaged and sufficient income to repay the loan.
Incorrect
Individuals and joint owners are eligible, provided they have immovable property to be mortgaged and sufficient income to repay the loan.
Unattempted
Individuals and joint owners are eligible, provided they have immovable property to be mortgaged and sufficient income to repay the loan.
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Question 3 of 10
3. Question
What is the minimum net monthly salary required for a salaried borrower under the scheme?
Correct
For salaried borrowers, the minimum net monthly salary is Rs. 25,000.
Incorrect
For salaried borrowers, the minimum net monthly salary is Rs. 25,000.
Unattempted
For salaried borrowers, the minimum net monthly salary is Rs. 25,000.
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Question 4 of 10
4. Question
What is the minimum net annual income required for a non-salaried borrower?
Correct
For borrowers other than salaried, the minimum net annual income required is Rs. 3,00,000.
Incorrect
For borrowers other than salaried, the minimum net annual income required is Rs. 3,00,000.
Unattempted
For borrowers other than salaried, the minimum net annual income required is Rs. 3,00,000.
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Question 5 of 10
5. Question
What is the maximum amount of finance available under PNB Loan Against Mortgage / Loan Against Property?
Correct
The minimum loan amount is Rs. 2.00 lakh and the maximum loan amount is Rs. 500.00 lakh.
Incorrect
The minimum loan amount is Rs. 2.00 lakh and the maximum loan amount is Rs. 500.00 lakh.
Unattempted
The minimum loan amount is Rs. 2.00 lakh and the maximum loan amount is Rs. 500.00 lakh.
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Question 6 of 10
6. Question
Which of the following facilities is available under PNB Loan Against Mortgage / Loan Against Property?
Correct
The facility can be sanctioned as either a Term Loan or an Overdraft.
Incorrect
The facility can be sanctioned as either a Term Loan or an Overdraft.
Unattempted
The facility can be sanctioned as either a Term Loan or an Overdraft.
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Question 7 of 10
7. Question
For a salaried borrower, what income-based factor is used for assessment of the loan amount?
Correct
For salaried borrowers, the income-based assessment is 36 times the gross monthly salary based on the last/latest salary certificate. The lower of this amount and 65% of the realizable property value is considered.
Incorrect
For salaried borrowers, the income-based assessment is 36 times the gross monthly salary based on the last/latest salary certificate. The lower of this amount and 65% of the realizable property value is considered.
Unattempted
For salaried borrowers, the income-based assessment is 36 times the gross monthly salary based on the last/latest salary certificate. The lower of this amount and 65% of the realizable property value is considered.
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Question 8 of 10
8. Question
What is the maximum permissible deduction of gross monthly salary/income when it is up to Rs. 1.00 lakh?
Correct
When gross monthly total salary/income is up to Rs. 1.00 lakh, the maximum permissible deduction is 60%.
Incorrect
When gross monthly total salary/income is up to Rs. 1.00 lakh, the maximum permissible deduction is 60%.
Unattempted
When gross monthly total salary/income is up to Rs. 1.00 lakh, the maximum permissible deduction is 60%.
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Question 9 of 10
9. Question
What type of property can be offered as security under the scheme?
Correct
Security is by equitable or registered mortgage of a non-encumbered built-up and self-occupied residential, commercial, or industrial property having a minimum residual life of 25 years.
Incorrect
Security is by equitable or registered mortgage of a non-encumbered built-up and self-occupied residential, commercial, or industrial property having a minimum residual life of 25 years.
Unattempted
Security is by equitable or registered mortgage of a non-encumbered built-up and self-occupied residential, commercial, or industrial property having a minimum residual life of 25 years.
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Question 10 of 10
10. Question
What is the maximum repayment period for a Term Loan under PNB Loan Against Mortgage / Loan Against Property?
Correct
For a Term Loan, repayment is allowed for 180 months or up to the age of 70 years, whichever is earlier.
Incorrect
For a Term Loan, repayment is allowed for 180 months or up to the age of 70 years, whichever is earlier.
Unattempted
For a Term Loan, repayment is allowed for 180 months or up to the age of 70 years, whichever is earlier.