WorksheetsVehicle & Personal Loan
Total questions: 36
Worksheet time: 13mins
What is the quantum of loan for a new four-wheeler?
1.00 CR
5.00 CR
NO LIMT
10.00 CR
for Non Salaried Person What is the margin requirement for a new four-wheeler loan?
15%
10%
25%
30%
What is the sustenance percentage if the borrower’s gross income is up to ₹3 lakh per annum?
45%
55%
35%
30%
What is the applicable margin if the customer is an existing Home Loan or Mortgage Loan borrower?
10%
20%
NIL
5%
What is the maximum repayment tenure for a four-wheeler loan?
60 MONTH
36 MONTH
120 MONTH
84 MONTH
For loan eligibility calculation, how many years’ income proof is required for:
Salaried employee (Form 16) and Non-salaried / self-employed borrower (ITR)?
3 year
4 year
2 year
1 year
What is the quantum of loan for an old (used) four-wheeler?
50 LACS
20 LACS
1.00 CR
NO LIMIT
Delegation to sanction vehicle loan for non-resident individuals?
Branch Head
CRLC
Same Delegation
NRI cannot be sanctioned loan under Union Vehicle loan
In case of NRI's taking Union Vehicle, Guarantee required is of
Any NRI Person
No guarantee required if credit score is more than 700
Spouse
3rd party guarantee of 1 or2 local resident acceptable to bank
For verifying hypothecation of the vehicle, SMS has to be sent on
9997770000
7779990000
7778899899
7738299899
Minimum margin required under Union Vehicle scheme for purchase of old 4 wheeler is
15%
20%
25%
40%
What components can not be included in the project cost of a new two-wheeler or four-wheeler vehicle?
Ex-showroom Price
Accessories
Insurance
Tax Collection at Source (TCS)
In the case of a Union Vehicle proposal where the applicant's Credit score is minus 1 and the customer has provided his or her brother as a guarantor, can the brother be considered a third-party guarantor?
Not Accepted
Along with brother need Co Employee guarantee
Yes accepted
No need guarantee
As per Union Vehicle loan scheme Who is permitted to consider deviation of minimum 10% sustenance ?
RLCC/ZLCC
CAC
CRLC
RLP HEAD
Under which scheme code should a vehicle loan for a corporate customer/firm/company be processed under the Union Vehicle scheme where entity need not maintain operative account
VL001
VL002
VL003
VL004
In case a salaried person residing in a rented house, What are the requirements for a guarantor?
Spouse
1 or 2 local resident acceptable to bank
No guarantee required if credit score is more than 700
Co employee Gurantee required
"What is the capping limit for accessories under the new 2-wheeler and 4-wheeler loan ?"
5% of Project Cost
10000/-
NO CAPPING
UP TO 50000/-
If the customer is an existing Union Vehicle Loan or Union Personal Loan borrower, are they eligible for absorption of legal and valuation charges up to ₹10,000 for the above home loan amount?
50
25
35
40
Moratorium Period under SRLGE Overdraft Scheme
6 MONTH
12 MONTH
NIL
Till Confirmation of Employee
Margin for Non Salaried Person under Union Personal is
10%
15%
NIL
10% or 25% Depending on CIBIL
Takeover of Personal Loan Permitted under which scheme
A TIE UP
B NON TIE UP
SRLGE
UPPL
Maximum tenure under SRLGE OD
5 Years
8 Years
10 Years
Depending on the applicant age
Under Union Women Professional Personal Loan Minimum age for salaried Person is
18
21
23
25
Maximum quantum of loan under Union Women Professional Loan Scheme is
20 lacs
25 lacs
50 lacs
15 lacs
If a customer has a salary account with another bank but provides an undertaking from their employer, what is the maximum quantum of loan they can avail
15 lacs
25 lacs
15 lacs & 7 Years
25 lacs & 7 year
"What is the maximum overdraft limit under the Union Ashiyana Overdraft Scheme?"
20 lacs
15 lacs
10 lacs
NIL
If the customer is an existing Union Vehicle Loan or Union Personal Loan borrower, are they eligible for absorption of legal and valuation charges up to ₹10,000 for the above home loan amount?
25 lacs
50 lacs
45 lacs
40 lacs
How much ROI (Rate of Interest) concession is allowed from the date of receipt of the required Green House/Project certificate at the bank branch?
0.10
0.20
0.05
0.15
Business retention discount (BRD) initiative is available for existing housing loan accounts with an outstanding balance of ₹___ and above?
40 lacs
25 lacs
50 lacs
75 lacs
What is Maximum Quantum for four wheeler under RUSU Center ?
10 lacs
20 lacs
50 lacs
No Limit
What is Maximum Quantum for four wheeler under Union Digital Vehicle Loan ?
50 lacs
35 lacs
25 lacs
No Limit
What is Maximum Quantum for Two wheeler under Union Digital Vehicle Loan ?
10 lacs
5 lacs
Zero
25 lacs
What is the maximum loan amount allowed for ETB and NTB salaried customers under the Union Digital Personal Loan scheme?
15 Lacs & 10 Lacs
10 Lacs & 25 Lacs
10 Lacs & 15 Lacs
25 Lacs & 10 Lacs
What is the age criteria for ETB and NTB customers availing the Union Digital Personal Loan?
18-58
21-59 Years
18-70
18-75
What is the age criteria for ETB and NTB Salaried customers availing the Union Digital vehicle Loan?
18-59 Year
21-59 Year
18-58 year
18-70 year
What is Minimum Annual Income required for ETB and NTB customers availing the Union Digital Vehicle Loan?
5 lacs & above
2 lacs & above
3 lacs & above
No minimum income criteria required
