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How well do you know your Auto Loan product?

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

What do we call the document we send to the dealer to release the client’s unit?

a)

Purchase Order

b)

Credit Advice

c)

Authority to deliver

2.

GUESS THE LOGO

a)

Toyota

b)

MG

c)

Geely

d)

Subaru

3.

For an employed client, how long should he at least be working for to avail an auto loan?

a)

1 year

b)

2 years

c)

3 years

d)

4 years

4.

Which is not an acceptable purpose for an auto loan?

a)

Accomodation

b)

Personal

c)

Business

5.

GUESS THE LOGO

a)

Nissan

b)

Honda

c)

Mitsubishi

d)

Kia

6.

What do you call the original amount of money that is borrowed? Computed as Net SRP - down payment.

a)

Add on rate (AOR)

b)

Loan amount

c)

Down payment

d)

Chattel fee

7.

One is not an initial auto loan requirement

a)

Application form

b)

COE

c)

Payslips

d)

Dealer's quotation

8.

How many PNCMs does a client sign?

a)

9

b)

8

c)

7

d)

6

9.

What document does your assigned Sales Officer send to the dealer to reserve a unit?

a)

Amortization schedule

b)

Bank Guarantee

c)

Purchase Order

d)

Authority to deliver

10.

This is a type of an auto loan transaction wherein the unit requires appraisal and car history

a)

Brand New

b)

Second Hand

c)

Reimbursement

d)

Fleet

11.

What is the maximum term for an auto loan?

a)

36

b)

48

c)

60

d)

72

12.

If a LAND BASED OFW client cannot sign the loan docs, what can he get to authorize his spouse to sign on his behalf?

a)

Consularized SPA

b)

Affidavit of marital consent

c)

Affidavit of one and the same

d)

Secretary's Certificate

13.

Who do you call or email when requesting for a SOA of a client’s existing loan?

a)

Branch of account

b)

BFSB Loans Collections

c)

BFSB Loans Customer Care

d)

Your immediate supervisor

14.

What is the minimum down payment for a second hand unit?

a)

10%

b)

20%

c)

30%

d)

40%

15.

Who is BPI Family Bank’s partner insurance provider?

a)

Federal Phoenix

b)

People's Gen

c)

Sun Life

d)

BPI MS

16.

What is the applicable payment scheme for Step Up? OMA or Arrears?

a)

OMA only

b)

Arrears only

c)

OMA and Arrears

17.

GUESS THE LOGO

a)

Mahindra

b)

Dodge

c)

Ford

d)

Geely

18.

GUESS THE LOGO

a)

Morris Garages

b)

Mazda

c)

Maserati

d)

McLaren

19.

GUESS THE LOGO

a)

Foton

b)

Chery

c)

JAC

d)

JMC

20.

CONGRATULATIONS!!

You chose a BONUS QUESTION!


When is Acs Sio's birthday?

a)

April 1

b)

April 2

c)

April 3

d)

April 15