Vehicle & Personal Loan

Delegation to sanction vehicle loan  for non-resident individuals?

• Branch Head 

• CRLC

• Same Delegation

• NRI cannot be sanctioned loan under Union Vehicle loan

In case of NRI's taking Union Vehicle, Guarantee required is of

• Any NRI Person

• No guarantee required if credit score is more than 700

• Spouse

• 3rd party guarantee of 1 or2 local resident acceptable to bank

For verifying hypothecation of the vehicle, SMS has to be sent on

• 9997770000

• 7779990000

• 7778899899

• 7738299899

Minimum margin required under Union Vehicle scheme for purchase of old 4 wheeler is

• 15%

• 20%

• 25%

• 40%

What components can not be included in the project cost of a new two-wheeler or four-wheeler vehicle?

• Ex-showroom Price 

• Accessories

• Insurance

• Tax Collection at Source (TCS)

In the case of a Union Vehicle proposal where the applicant's Credit score  is minus 1 and the customer has provided his or her brother as a guarantor, can the brother be considered a third-party guarantor?

• Not Accepted 

• Along with brother need Co Employee guarantee 

• Yes accepted 

• No need guarantee 

As per Union Vehicle loan scheme Who is permitted to consider deviation of minimum 10% sustenance ?

• RLCC/ZLCC

• CAC

• CRLC

• RLP HEAD

Under which scheme code should a vehicle loan for a corporate customer/firm/company be processed under the Union Vehicle scheme where entity need not maintain operative account

• VL001

• VL002

• VL003

• VL004

Disbursement of Vehicle Loan above ₹ .............. lacs for Branches under category 1  will be done by ______

• 10, Branch

• 10, RLP

• 15,RLP

• 20 ,RLP

In case a salaried person residing in a rented house, What are the requirements  for a guarantor?

• Spouse

• 1 or 2 local resident acceptable to bank

• No guarantee required if credit score is more than 700

• Co employee Gurantee required