EXAM: Auto Loans

EXAM: Auto Loans

Professional Development

19 Qs

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EXAM: Auto Loans

EXAM: Auto Loans

Assessment

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Professional Development

Practice Problem

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PSBank L&D

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. What is the security collateral for auto loans?

OR CR
OR only
CR only

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. TRUE or FALSE. The branch auto loan is always under a 2-party type of transaction.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Based on standards, what is the lowest age to be considered when applying for auto loan?

20
21
22
23

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. If your answer in number 3 is the lowest age to be considered when applying for auto loan, then what is the highest upon maturity?

50
55
60
65

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. TRUE or FALSE. TIN & PhilHealth IDs are accepted as secondary IDs.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. For borrowers who cannot sign due to being out of the country, the following documents are needed: Passport, Signed Consent Letter and, Selfie with the Signed Letter

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. What is the minimum loan amount of loan that can be considered?

P50,000
P100,000
P150,000
P200,000

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