Credit policies quiz |Round 2|

Sachin is buying a car for Rs. 700,000 & can give 100,000 downpayment. His CIBIL score is 710 but the only history is of the credit card transactions. He has his own house and is self-employed. Can we process the loan application under TATKAL policy?

• Yes
• No

Mazhar has applied for a used car loan. He is self-employed and latest ITR with GTI of Rs. 3 lakhs. He is buying a car worth Rs. 500000, and requires 300,000 loan for the same. His CIBIL score is 720. He is providing his Id & address proof (own house). Which other documents are required to process his loan application under TATKAL policy?

• Latest 2 years ITR
• Latest 2 years ITR & Business proof

Prashant has applied for used car loan. He is buying a car worth Rs. 8 lacs. He is a NTC customer. He is salaried and has the required income documents along-with the bank statement. He earns 40k per month. He falls under Risk bucket B. He is living on rental accommodation. Can we process his loan application under Zero DP Policy?

• Yes
• No

Rahul has applied for a used car loan. He is buying a 2012 Hyundai Verna. He is salaried and earns 45k per month. His CIBIL score is 750. He falls in Risk bucket C. Can we process his loan application under Zero DP policy?

• Yes
• No

Sachin is planning to buy a Jeep compass worth Rs. 16 lacs. He can make a max. DP of 5 lacs. He is self employed and his GTI is 4.4 lacs. His CIBIL score is 755. He has the required income and business documents. His AQB is 1.2 times the proposed EMI. Can we process his loan application under Zero DP policy?

• Yes
• No

Ayush is a self employed applicant. He runs a departmental store from his home and doesn't have the required income documents. He requires a loan amount of 5 lacs to buy a car worth Rs. 8 lacs. He has his own house accommodation. His AQB is 5000. Can we process the loan application under NIP Policy?

• Yes
• No

Pankaj is a salaried NIP applicant & lives on rental accommodation. What is the max. loan amount that can be disbursed to him under NIP policy?

• 3 lacs
• 5 lacs
• 7 lacs
• None of the above

Customer lives in a hard negative area. He earns 20k per month and has the required income documents. He is a NTC customer. can we process his loan under hard Negative area ?

• Yes
• No

If the customer resides in hard Negative Area but has income proofs and Risk bucket is C, is owned house accommodation mandatory?

• True

• False

Rajat has applied for a used car loan from Cars24. He has no prior credit history. He works at a shop and doesn't have the required income documents. He lives on a rental accommodation. Hi Min. avg. banking credit amount is 18k and AQB is 4500/-. Can we process his loan application under NIP Policy?

• Yes

• No