Fun with Finance_BM

Maximum age for applicant at the time of loan application according to the credit policy is?

• 60 years
• 58 years
• 55 years
• 65 years

Which of the following is a primary identification document required for loan application?

• Passport
• Driving License
• UIDAI (Aadhaar Card)
• Bank Statement

According to the credit policy, who is required to be a co-applicant for each case

• Friend
• Relative
• Immediate family member
• Neighbor

What is the mandatory secondary identification document required for loan application?

• Aadhaar Card
• Passport
• Voter ID
• Bank Passbook

In the case of a male borrower, who can be the co-applicant according to the credit policy?

• Wife
• Daughter
• Sister
• Uncle

How many references are mandatory according to the credit policy?

• Two
• One
• Three
• None

Which document is required as proof of ownership according to the credit policy?

• Telephone Bill
• Electricity Bill
• Land Receipt
• Gas Bill

Which of the following purposes are acceptable for E-rickshaw loan application according to the credit policy?

• Personal Shopping
• Education Expenses
• Business Purposes
• Vacation Expenses

What type of insurance is mandatory for a vehicle loan?

• Health Insurance
• Home Insurance
• Life Insurance
• Vehicle Insurance

What type of security is required for the E-rickshaw loan according to the credit policy?

• Mortgage
• Collateral
• Hypothecation of the vehicle
• Personal Guarantee