XPRESS AND AUTO LOANS

When the NMI/Net Salary of a customer is less than Rs.1 lac he is not eligible for the following Personal Loan

• Xpress Lite

• Xpress Credit

• Xpress Elite

• SBI
  Quick PL through CLP

Third Party Guarantee is required for the following Xpress Credit Variant

• Xpress
  Lite

• Xpress Elite

• Xpress Credit

• None of the above

With reference to minimum NMI for considering Personal Loan under Xpress Credit Schemes which of the following is not correct?

• Xpress Credit Rs.15000/-

• Xpress Credit Lite Rs.7000/-

• Xpress Credit Elite Rs.15000/-

• SBI Quick Pl though CLP Rs.15000/-

What is the minimum CIBIL score required for considering Xpress Credit Limits

• 650 except for CSP which is 670

• 670 for all customers

• 650 except for CSP which is 700

• 700 for all customers

With regard to concession in Processing fees for Xpress credit limit the following statement is not correct

• DSP/CAPSP/ICGSP waiver is 100%

• CGSP/SGSP/PSP waiver is 50%

• RSP waiver is 50%

• CSP waiver is 50%

With reference to Xpress credit Variants minimum and maximum limits the following statement is not correct

• Xpress credit Rs.25000/- and Rs.30 lacs

• Xpress Elite Rs.3 lacs and Rs.35 lacs

• Xpress Lite Rs.10000/- to Rs.180000/-

• SBI Quick Personal Loan under CLP Rs.24000/- to Rs.20 lacs

Answer explanation

Xpress Lite Rs.25000/- to Rs.180000/-

Presanction Survey is waived for some customers. Which is not the correct statement with regard to Presanction Survey

• Gold and above variant customers under DSP/CAPSP/ICGSP/CGSP

• Gold and above Variant customers under SGSP/RSP/PSP

• Diamond and above Variant customers under SGSP/RSP/PSP

• Platinum variant customers under CSP

The following statement is not correct with regard to Xpress Elite SCheme

• Net monthly income should be Rs 1.00 lacs and above

• Customer need to maintain salary account with our bank

• Minimum and Maximum Loan is Rs.3.00 lacs t and Rs.35.00 lacs respectively

• for customers with NMI less than Rs.2.00 lacs EMI/NMI is 60% and with NMI more than Rs.2.00 lacs it is 65%

Which of the following statement is not correct related to Xpress Credit Scheme

• Maximum 2 loans at any time

• Limit should not be more than 24 months NMI

• Maximum period of loan is 72 months or Residual service period which ever is earlier

• Loan should be repaid by the age of 62 years

Which of the following statement is not correct with reference to Xpress Flexi Scheme

• Loan amount to Diamond Salary Package customers is Min 1 lac and Max 20 lacs

• Loan amount to Diamond Salary Package customers is Min 1 lac and Max 25 lacs

• Overdraft and Term loan both can be considered

• Only Overdraft can be considered