WorksheetsEXAM: Auto Loans
Total questions: 19
Worksheet time: 10mins
Name
Class
Date
1.
1. What is the security collateral for auto loans?
a)
OR CR
b)
OR only
c)
CR only
2.
2. TRUE or FALSE. The branch auto loan is always under a 2-party type of transaction.
a)
True
b)
False
3.
3. Based on standards, what is the lowest age to be considered when applying for auto loan?
a)
20
b)
21
c)
22
d)
23
4.
4. If your answer in number 3 is the lowest age to be considered when applying for auto loan, then what is the highest upon maturity?
a)
50
b)
55
c)
60
d)
65
5.
5. TRUE or FALSE. TIN & PhilHealth IDs are accepted as secondary IDs.
a)
True
b)
False
6.
6. For borrowers who cannot sign due to being out of the country, the following documents are needed:
Passport, Signed Consent Letter and, Selfie with the Signed Letter
a)
True
b)
False
7.
7. What is the minimum loan amount of loan that can be considered?
a)
P50,000
b)
P100,000
c)
P150,000
d)
P200,000
8.
8. What is the maximum term for a ROPA financing transaction?
a)
6 months
b)
12 months
c)
24 months
d)
48 months
9.
9. What is the minimum down payment in % for a ROPA financing transaction?
a)
10%
b)
15%
c)
20%
d)
25%
10.
10. The following are common requirements to process an auto loan, except:
a)
Payment of Fees/Charges/DP
b)
Borrower's Certificate
c)
Birth Certificate
d)
PO ATD/Credit Advice
11.
11. The following are specific requirements to process self-employed type of client, except:
a)
ITR 1701
b)
ITR 2316
c)
Financial Statement
d)
DTI Business Name Registration
12.
12. Business documentation requirements under a Partnership are as follows, except:
a)
General Information Sheet
b)
SEC Registration
c)
Articles of Partnership
d)
Partnership Resolution
13.
13. The following are key selling propositions for a PSBank auto loan, except:
a)
Fast Decision
b)
Automated Credit Scoring
c)
Prime Rebate
d)
Collateral Free Loan
14.
14. COMPUTATION: If LCP is Php 1,000,000.00, AOR is 52.05%, and term is 60 months, what is down payment 30%? (3 points)
a)
P30,000
b)
P300,000
c)
P90,000
d)
P900,000
15.
15. (Pertaining to Q#14) What is the loan amount/amt finance?
a)
P700,000
b)
P800,000
c)
P500,000
d)
P600,000
16.
16. (Pertaining to Q#14) What is the monthly amortization?
a)
P17,560
b)
P17,565
c)
P17,440
d)
P17,740
17.
17. (Pertaining to Q#14) What is the PN amount?
a)
P1,064,400
b)
P1,044,400
c)
P1,064,200
d)
P1,044,600
18.
18. Who is the group head handling Indirect Auto Loans?
a)
Reuel Javier
b)
Adler Ferrer
c)
Jose Jesus Custodio
d)
Donaldson Jao
19.
20. What is ILAPS?
a)
Intranet Loan Application Processing System
b)
Internal Loan Application Processing System
c)
Intranet Loan Application Process System
d)
Internal Loan Application Processing Services
100 %
