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HOME LOAN

Total questions: 14

Worksheet time: 9mins

Name
Class
Date
1.

Old house should not be more than ........ years old and the flat should be not more than ........ years old.

a)

40, 35

b)

50, 30

c)

30, 30

d)

35, 30

2.

What should be the maximum age of old house/flat sanctioned for renovation ?

a)

15

b)

20

c)

50

d)

30

3.

Purchase of land where,cost of land may be financed up to what percentage of the cost of land ?

a)

25

b)

30

c)

35

d)

50

4.

what should be the maximum age of existing house/flat for Extension/Repair/Renovation?

a)

35

b)

40

c)

45

d)

50

5.

What is the minimum and maximum age of Indian Resident/NRI’s/PIO’s for availing a home loan ?

a)

18-60

b)

21-65

c)

18-65

d)

21-60

6.

Project Cost may include , , and , .

a)

Purchase of House/Flat

b)

Cost of Construction & Cost of Extension/Repair/Renovation

c)

Cost of Land up to 50%

d)

ALL OF THE ABOVE

7.

In case of salaried person whose GMI is up to Rs.50000/

for availing home loan, the Net Take Home Pay should not be less than .........................

a)

30 %

b)

40 %

c)

50 %

d)

25 %

8.

What is the maximum quantum that can be sanctioned under Home Loan for Construction/Purchase/Extension ?

a)

500 lac

b)

200 lac

c)

100 lac

d)

No such limit

9.

What is the minimum loan amount for take over a Home Loan ?

a)

1 lac

b)

2 lac

c)

4 lac

d)

5 lac

10.

If Project cost is below 30 Lacs, what should be the margin required for sanctioning a Home Loan ?

a)

10

b)

20

c)

30

d)

NOA

11.

What will be the maximum moratorium given for purchase of ready built house/flat from the date of disbursement of the loan ?

a)

maximum Twenty four months

b)

maximum Twelve months

c)

maximum Nine months

d)

maximum Six months

12.

An applicant is having above 750 CIBIL/CRIF Score, What should be the applicable Rate of Interest for UCO Home Loan scheme ?

a)

UCO Float Rate+ 0.25

b)

UCO Float Rate + 0.10

c)

UCO Float Rate + 0.20

d)

UCO Float Rate + 0.50

13.

What is the main Home Loan agreement document ?

a)

AHL4

b)

AHL6

c)

AHL7

d)

AHL13

14.

CERSAI Registration is mandatory within how many days from the date of creation of Mortgage.

a)

21 Days

b)

30 Days

c)

45 Days

d)

60 Days