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Worksheetshome loans basics
Total questions: 50
Worksheet time: 15mins
1. Individual(s) over ......years of age with independent source of regular income are eligible for finance under housing loan scheme
21 years
19 years
20 years
None of these
2. How many form 16 or ITRs needs to be obtained in case of salaried applicants of a home loan?
Last two financial years
Last three financial years
Last one financial year
Not required
What is the procedure for arriving NAI for businessmen/professionals/self employed?
NAI of latest ITR
Highest NAI among last 3 ITRs
Lowest NAI among last 3 ITRS
Average of last 3 ITRs
4. In case of self-employed how many latest ITRs need to be obtained for a home loan?
Last 3 Financial Years
Last 2 Financial Years
Last one Financial Year
Last 4 Financial Years
edars
What is the EMI/ NMI ratio applicable for the non salaried applicants of Home laon having NAI of above Rs. 10 lac and with CIBIL score of 750 and above
60%
70%
75%
65%
What is the EMI/NMI ratio applicable for the home loan applicants having NAI of up to Rs. 8 lac to ,<=Rs. 10 lakh
50%
60%
65%
70%
What is the LTV ratio for a home loan of Rs. 75 lac?
80%
75%
90%
None of the above
What is the validity of sanction in case of Home Loans?
3 months from the date of documentation
3 months from the date of application
3 months from the date of disbursement
None of these
What is the maximum permissible moratorium period available in our Home loans inn confirmity with authority structure for this purpose?
18 months
24 months
36 months
48 months
A prospective borrwer can avail home loans from------
At the place of construction
At the place of his employment
At the place of his residence
Any of the above
Maximum quantum of finance permissible for furnishings in a housing loan project cost?
15% of the cost of house/flat subject to max 50 lakhs
15% of the cost of house/flat subject to max 25 lakhs
25% of cost of house/flat/agreement of sale value
10% of teh cost of house/flat subject to max 25 lakhs
In case of home loans number of borrowers/co-borrowers restricted to.....
3
4
5,
None of these
If a borrower makes a cash deposit to his loan account in a non-home branch charges applicable as under....
Normal non home charges
No charges if account is standard
No charges if account is NPA
No charges
Execution of documents on the basis of POA is available only to those borrowers
Defence servies & NRId
Para Military Forces
Either (a) & (b)
Both (a) & (b)
The POA for execution of Home Loan documents is restricted to close relatives which does not include
Brother
Brother in law
Father in law
Mother in law
Home loan may be sanctioned for reimbursement of investment made by the borrower in housing from own resources during the preceding.....months
6
9
3
No home loan is sanctioned for reimbursement
Credit Report from two credit bureaus is required for the loan amount above Rs......lac
10
20
30
40
Co-borrower whose income is being clubbed should normally be employed in profession or be engaged in business for a minimum period of----years?
4 years
2 years
3 years
None of the above
Branches/CPCs may permit re-fixing of EMI downward if-----of the outstanding amount is prepaid in one instane
25 % or more
25%
20% or more
20%
Sccrutiny of Gift Deed and POA by Law Officer will be waived in respet of loans----
< 1 crore
< 2 crores
<50 lacs
Not waived for any limit
Under housing loan scheme, prior administrative clearance(from next higher authority) is required in respect of a loan for purchase of a house which is more than....years old
10
5
20
None of the above
In case of salaried person, the deviation approval to be obtained from--- for break in service for period of up to 3 months during the last 2 years
From AGM RACPC
DGM (B&O)
GM Network
No deviation
The maximum of how many home loans sanctioned to an individual borrower?
2
3
4
none of these
In case of Independent houses under construction, property insurance should be taken
At the time of disbursing the first instalment
At the time of disbursing the final instalment
After the completion of construction
Immediately on sanction of the Home loan
At the time of loan initiation, the home loan customer will be offered an insurance cover for a period of ----- for the tenor of the loan whichever is ........., subject to its renewal from time to time
10 years, lower
15 years, lower
10 years, higher
15 years, higher
In case of Flats/Villas under construction and developed by builders property insurance should be taken
At the time of disbursing the 1st instalment
At the time of disbursing the final instalment
After the completion of construction
Immediately on sanction of the home loan
Stamp duty, Registraction charges and other documentation charges have been permitted to be added to the cost of the house for the purpose of calculation LTC rator inc ases where the total project cose of the dwelling unit is------
does not exceed 10 lac
does not exceed 5 lac
does not exceed 15 lac
None of the above
I repayments are in arrears for two successive months in Home Loan Accounts, inspection should be conducte-----
within a month
with in a week
with in 15 days
immediately
In case of NPAs in Home Loan Accounts, inspection should be conducted ------
Monthly
Quarterly
Half yearly
Yearly
Execution of documents should be done at
CPC/Applicanat's residence/Branch Premises/Business place
Mutually agreed mobile team
Special Documents Execution Desk
All of the above
Home loans to builders/partners/director for purchase of apartments in their own project is---------=
Permitted
Not Permitted
Deviation from AGM
No such provision
No penal interest is chargeable for a housing loan up to Rs.....
25000
50000
100000
200000
Priority Sector Advances for Repairs to damaged dwelling units per family in areas with population of less than 10 lakhs with maximum cost of dwelling unit is......lakhs
20, 44
12, 44
15, 44
None of the above
Priority Sector Advances to individuals for purchase/construction of a dwelling unit per family in areas with population 50 lakh and above
50 lakh with project cost 63 lakh
45 lakh with project cost 63 lakh
40 lakh with project cost 63 lakh
None of these
Expand RERA
Real Estate Registration Act
Real Estate Regulation Act
Real Estate Regulation Authority
Real Estate Regulatory Authority
We have to file charge in CERSAI site in respct of EM created by us within ------days of creation of mortgage
15
45
30
Immediately
Bank should return the securities documents to the borrower within 15 days of closure of loan account subject to Bank's final claim settlement in case of delay, Bank has to pay
NIL
Rs. 100 per day beyond 15 days sub to max 10000
Rs. 100 per day beyond 15 days sub max 5000
Rs. 100 per day beyond 15 days sub to max 1000
In cases where seller of the property is having loan at other banks/FIs, initial disbursement is to be done to other banks/FIs. The maximum time period for receiving the documents from other Bank/FI is----
10 days
15 days
30 days
45 days
Pre-closure penalty is levied if the home loan account is pre-closed within how many years
2
3
5
Nil
No home loan to be sanction for CIBIL score below
500
550
600
650
In case son/daughter/siblings/parent's income is clubbed for arriving at loan amount, repayment has to be made through an account...
In the name of any one of the borrower/guarantor
In the name of any one of the borrower only
In the joint name of all the borrowers and guarantor
In the name of guarantor only
Number of TIRs to be obtained for home loan of Rs. one crore
1
2
3
4
No verification of title deeds from Bank Law Officer for Home Loans up to........
50 lakh
40 lakh
75 lakh
None of these
Under SBI Home loans, if the cost of the House is 40 lakhs, what may be the eligible loan amount based on LTV RAtio
36 lakh
30 lk=akh
40 lakh
None of these
A person having house, plot and want to purchase of a hosue. The proposed loan is considered under
CRE Home Laon
Cannot be considered
Regular Home Loan
None of the above
Maximum eligible home loans including CRE
2
4
5
None of these
What is Project Tatkal
Sanction of Home Loans
Sourcing of Home Loans
Marketing of Home Loans
None of the above
What was the percentage share of Home Loans in Total Domestic Advances as of March 2025
15.23
23.07
25.08
20,09
If ......% of EMI will be paid from rental income, then it is constructed as CRE home loan even though the exposure is one
Morethan 20
Morethan 30
Morethan 40
None of the above
If the loan sourced by the outsourced entities is shifted to our competitors within.....years from the date of..........HLC commission will be recovered back
2 years, disbursement
3 years, disbursement
2 years, sanction
3 years, sanction
