Home Loans PKT- July 2015-pre

10 Questions

SettingsSettingsSettings
Please wait...
Home Loans PKT- July 2015-pre

.


Questions and Answers
  • 1. 
    Base Rate is the minimum rate below which banks are not permitted to lend barring certain exceptions.
    • A. 

      True

    • B. 

      False

  • 2. 
    Property value is 40,00000 and lender is giving loan of 36,00000. The LTV will be 
    • A. 

      90%

    • B. 

      80%

    • C. 

      75%

    • D. 

      95%

  • 3. 
    Recording statement can be mentioned at the end of the call.
    • A. 

      False

    • B. 

      True

  • 4. 
    Stamp duty & Registration charges are funded by ___________. 
  • 5. 
    As per Income Tax Act one can claim tax benefits under section
    • A. 

      24

    • B. 

      44

    • C. 

      90

    • D. 

      34

  • 6. 
    Both borrowers get Tax benefit in Co-Applicant Loan scenarios.
    • A. 

      True

    • B. 

      False

  • 7. 
    For self employed customers _____ years of Balance sheet is required for Home Loans.
  • 8. 
    The ___________ is the difference between the cost of the property and the loan amount approved by the lender
    • A. 

      Down Payment

    • B. 

      Partial Payment

    • C. 

      Half Payment

  • 9. 
    Full form of LAP is 
    • A. 

      Loan Against Property

    • B. 

      Loan Available on property

    • C. 

      Loan Acceptable property

  • 10. 
    Father and _________ Daughter relationship can be considered for Co Applicant Loans
    • A. 

      Unmarried

    • B. 

      Married

Back to Top Back to top