home loans basics

home loans basics

Professional Development

•

50 Qs

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home loans basics

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Assessment

Quiz

•

Business

•

Professional Development

•

Practice Problem

•

Hard

Created by

Chaganti murthy

Used 37+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Individual(s) over ......years of age with independent source of regular income are eligible for finance under housing loan scheme

21 years

19 years

20 years

None of these

Answer explanation

reimbursement from own sources, borrowings from friends/ relatives, employer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. How many form 16 or ITRs needs to be obtained in case of salaried applicants of a home loan?

Last two financial years

Last three financial years

Last one financial year

Not required

3.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

What is the procedure for arriving NAI for businessmen/professionals/self employed?

NAI of latest ITR

Highest NAI among last 3 ITRs

Lowest NAI among last 3 ITRS

Average of last 3 ITRs

4.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

4. In case of self-employed how many latest ITRs need to be obtained for a home loan?

Last 3 Financial Years

Last 2 Financial Years

Last one Financial Year

Last 4 Financial Years

edars

5.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

What is the EMI/ NMI ratio applicable for the non salaried applicants of Home laon having NAI of above Rs. 10 lac and with CIBIL score of 750 and above

60%

70%

75%

65%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the EMI/NMI ratio applicable for the home loan applicants having NAI of up to Rs. 8 lac to ,<=Rs. 10 lakh

50%

60%

65%

70%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the LTV ratio for a home loan of Rs. 75 lac?

80%

75%

90%

None of the above

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