Other Retail LoansOct24

Which of the following service/business criteria is/are correct pertaining to Baroda Personal Loan?

• Continuous service of 1 year for employees of private limited companies
• doing business from last 2 years if insurance agent
• Minimum 1 year stable business for self employed professionals
• Employees of LLP are eligible but employees of partnership firm are not eligible

Which of the following is/are not eligible for Baroda Personal Loan?

• Staff members
• Employees of proprietorship firm
• NRI is not eligible
• All are not eligible as per personal loan scheme

What is minimum satisfactory A/c relationship required for availing Baroda Personal Loan with our / other Bank?

• minimum 6 months
• minimum 12 months for other Banks & minimum 6 months for our Bank
• minimum 12 months
• minimum 12 months for other Banks & minimum 3 months for our Bank

Under Baroda Personal Loan Scheme group C category is divided into 2 groups

• Platinum & Gold
• Gold & Silver
• Platinum & Diamond
• Diamond & Gold

What is/are correct pertaining to age criteria of Baroda Personal Loan?

• Maximum age 60 years for salaried person including repayment period
• Maximum age 65 years for non-salaried person including repayment period
• Minimum age is 21
• options 2 & 3 are correct

Which is/are correct pertaining to loan limit under Baroda Personal Loan?

• min Rs.1.00 Lakhs (M/U) & Rs.0.50 Lakh (R/SU)
• Max limit Rs.2.00 Lakhs (category A) & Rs.15.00 Lakhs (category B)
• Max Rs.15.00 Lakhs (category C silver )
• Max Rs.20.00 Lakhs (category C gold )
• Option 1 & 4 are correct

What is max repayment period under Baroda Personal Loan Scheme?

• 48 M
• 60 M
• 72 M
• 84 M

What is FOIR for Gold category under Baroda Personal Loan?

• 50% of GMI
• 60% of GMI
• 75% of GMI
• 70% of GMI

Any prepayment of EMI in full or part & closure of the personal loan A/c within 36 month will attract prepayment charges of _____

• 3%+GST
• 2%+GST
• 1%+GST
• no prepayment charges in personal loan

What is unified processing charges for Gold category under Baroda Personal Loan Scheme?

• 1%
• 2%
• NIL
• 0.50%