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WorksheetsCredit Product (Knowledge Quest Series 1)
Total questions: 11
Worksheet time: 5mins
1. What is smart employee loan?
(a) a product for confirmed staff relatives in private and government agencies.
(a) a product for confirmed staff of select private companies and government agencies whose staff salary accounts reside with the bank.
(a) A product for confirmed staff who are facing at least 2 disciplinary cases.
The documentation for the smart employee loan would comprise of
Request letter, result certificate, & birth certificate
Request letter, letter of introduction from employer and copy of customer’s office ID card, 6 months account statement.
2 references, 1 guarantor and collateral.
Advance Pay is an/a _______________
Overdraft
bank draft
Hybrid product
What class of persons are entitled to an Advance pay product?
Staff dependant
Registered Bank
Confirmed staff
A maximum of how much is a customer on Advance pay product subject to
10,000,000 @33.3% of monthly salary
1,500,000 @ 27.5% of monthly salary
1,000,000 @50% of monthly salary
The term Adverse credit means _____________
A preferential detail of a customers’ credit score
A terminal credit report
Less-than perfect record of repaying credit commitments.
SunTrust TOD is defined as ________________
A product facility for MSME and retail customers to augment working capital needs
A product facility for Agricultural development to augment working capital
A product facility setup by SunTrust treasury to sell bonds
The term TOD in SunTrust TOD means
Terminate Overdraft
Temporary overdraft
Term of Overdraft
The term CRMS in SunTrust TOD means
Customer Relationship Management System
Credit Risk Management System
Crew Resource Managements
Maximum loan amount for SunTrust TOD is
2,500,000
2,000,000
1,500,000
A guarantor is needed for one of the following Products
Smart employee Loan
Advance Pay
SunTrust TOD
