Retail Lending Policy Quiz

What does a credit score of 300 represent according to the text?

• Highest Risk

• Low Risk

• Normal Risk

• Moderate Risk

In case of Consumer accounts, when is obtention of Credit Information Report (CIR) not mandatory?

• For loans with high credit score

• For joint borrower loans only

• For all types of loans

• For staff loan and loan against own deposit

What is the interpretation of a score of -1 in the TransUnion CIBIL report?

• Credit history is excellent

• No credit history available in the last 36 months

• Highest credit score

• Lowest credit risk

For which type of loans is the Canara Retail Grade (CRG) applicable?

• Vehicle Loans

• Gold Loans

• Education Loans

• Pension Loan

What is the maximum repayment tenure for Canara Rent loans?

• 240 months

• 180 months

• 120 months

• 300 months

Who is authorized to permit concessions in Rate of Interest (RoI) for Housing Loans?

• Senior Managers

• RAH Head

• Branch Managers

• GM, Retail Assets Wing, HO

Who can be accepted as a co-borrower in case parents are not available for a student loan?

• Legally appointed guardians

• Neighbors

• Siblings

• Friends

Which courses are eligible under the IBA Education Loan Model?

• Diploma courses

• Vocational and skill development study courses

• Off campus courses

• Degree courses

What is the maximum number of variations that can be permitted in a retail lending proposal by CGM/GM-HO-CAC & ED-CAC?

• 1

• 2

• 3

• 4

What is the minimum unexpired period required for a lease hold right to be accepted for sanction of a Housing loan?

• 60 years

• 75 years

• 90 years

• 100 years