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Your results are here!! for" PNB Combo Car Loan Scheme "
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Question 1 of 10
1. Question
What is the main objective of the PNB Combo Car Loan Scheme?
Correct
The scheme provides car loans at concessional rates and attractive terms to existing and new housing loan borrowers.
Incorrect
The scheme provides car loans at concessional rates and attractive terms to existing and new housing loan borrowers.
Unattempted
The scheme provides car loans at concessional rates and attractive terms to existing and new housing loan borrowers.
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Question 2 of 10
2. Question
What minimum housing loan sanction limit is required for eligibility under the PNB Combo Loan Scheme?
Correct
Housing loan borrowers with a sanction limit of Rs. 15 lakh and above are eligible, subject to creation of security on the house property.
Incorrect
Housing loan borrowers with a sanction limit of Rs. 15 lakh and above are eligible, subject to creation of security on the house property.
Unattempted
Housing loan borrowers with a sanction limit of Rs. 15 lakh and above are eligible, subject to creation of security on the house property.
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Question 3 of 10
3. Question
Which type of vehicle can be financed under the PNB Combo Loan Scheme?
Correct
Only brand new 4-wheelers are financed under the scheme. Purchase of an old car is not covered.
Incorrect
Only brand new 4-wheelers are financed under the scheme. Purchase of an old car is not covered.
Unattempted
Only brand new 4-wheelers are financed under the scheme. Purchase of an old car is not covered.
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Question 4 of 10
4. Question
What is the minimum gross monthly income required for salaried customers?
Correct
Salaried customers must have a minimum gross income of Rs. 50,000 per month.
Incorrect
Salaried customers must have a minimum gross income of Rs. 50,000 per month.
Unattempted
Salaried customers must have a minimum gross income of Rs. 50,000 per month.
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Question 5 of 10
5. Question
What is the minimum annual post-tax income required for professionals and self-employed/businessmen as per ITR?
Correct
Professionals and self-employed/businessmen require minimum annual post-tax income of Rs. 6.00 lakh as per ITR, based on the average of the last 3 years.
Incorrect
Professionals and self-employed/businessmen require minimum annual post-tax income of Rs. 6.00 lakh as per ITR, based on the average of the last 3 years.
Unattempted
Professionals and self-employed/businessmen require minimum annual post-tax income of Rs. 6.00 lakh as per ITR, based on the average of the last 3 years.
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Question 6 of 10
6. Question
What is the maximum permissible total deduction from gross income including existing and proposed EMIs?
Correct
Total deductions, including the existing housing loan EMI, other loan EMIs and proposed car loan EMI, should not exceed 60% of gross income.
Incorrect
Total deductions, including the existing housing loan EMI, other loan EMIs and proposed car loan EMI, should not exceed 60% of gross income.
Unattempted
Total deductions, including the existing housing loan EMI, other loan EMIs and proposed car loan EMI, should not exceed 60% of gross income.
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Question 7 of 10
7. Question
What percentage of the on-road price can be financed under the PNB Combo Car Loan Scheme?
Correct
The margin is 10% of the on-road price, so eligible borrowers can receive finance up to 90% of the vehicle‘s on-road price.
Incorrect
The margin is 10% of the on-road price, so eligible borrowers can receive finance up to 90% of the vehicle‘s on-road price.
Unattempted
The margin is 10% of the on-road price, so eligible borrowers can receive finance up to 90% of the vehicle‘s on-road price.
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Question 8 of 10
8. Question
What is the maximum repayment period for a car loan under the PNB Combo Loan Scheme?
Correct
The repayment period must be less than or equal to the remaining repayment period of the housing loan and is subject to a maximum of 84 months.
Incorrect
The repayment period must be less than or equal to the remaining repayment period of the housing loan and is subject to a maximum of 84 months.
Unattempted
The repayment period must be less than or equal to the remaining repayment period of the housing loan and is subject to a maximum of 84 months.
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Question 9 of 10
9. Question
What condition must be satisfied by an existing Housing Loan Borrower‘s account?
Correct
For existing housing loan borrowers, the account should be standard with a satisfactory track record.
Incorrect
For existing housing loan borrowers, the account should be standard with a satisfactory track record.
Unattempted
For existing housing loan borrowers, the account should be standard with a satisfactory track record.
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Question 10 of 10
10. Question
How is the PNB Combo Car Loan additionally secured?
Correct
The car loan is secured through extension of the mortgage on the existing housing loan property.
Incorrect
The car loan is secured through extension of the mortgage on the existing housing loan property.
Unattempted
The car loan is secured through extension of the mortgage on the existing housing loan property.