MCQ for Promotion - Clerical to Officer

MCQ Based On Home Loan -

1. Margin in Home Loans above Rs. 75 lacs.

A.10%
B. 20%
C. 25%
D. 30%
E. 40%

2. LTV Ratio of Home Loans above Rs.30/- Lacs up to Rs.75/- Lacs is -

A. 50%
B. 60%
C. 75%
D. 80%
E. 90%

3. Rate of interest on home loan having CIBIL score 750 is-

A. 1 year MCLR + Strategic Premium
B. 1 year MCLR + Strategic Premium + 0.50%
C. 1 year MCLR + Strategic Premium + 1.00%
D. 1 year MCLR + Strategic Premium + 1.50%
E. 1 year MCLR + Strategic Premium + 2.00%

4. What is the maximum loan limit under Baroda Home loan scheme at Urban ?

A. 500 lac
B. 100 lac
C. 150 lac
D. 200 lac
E. 300 lac

5. What is the maximum time allowed for construction on a plot purchased under our Housing loan ?

A. 12 months
B. 18 months
C. 24 months
D. 30 months
E. 36 months

6. Maximum Limit of Housing Loan in Semi-urbon -
A. 100 Lac
B. 200 Lac
C. 300 Lac
D. 500 Lac
E. 1000 Lac

7. What is the maximum repayment period that can be considered for repayment of Housing Loan?

A.30 Years
B. 25 Years
C. 20 Years
D. 18 Years
E. 15 Years

8. Age of the principal borrower should not be less than ------- years while considering Housing loan ?

A. 18
B. 20
C. 21
D. 25
E. 30

9. Eligible amount of Housing loan for salaried having GMI less than 50,000 –

A. 30 times of GMI

B. 36 times of GMI
C.48 times of GMI
D. 54 times of GMI
E. 60 times of GMI

10. Home loan limit for other than salaried having Gross Annual Income GAI Rs. 2.00 lac & above –

A. 2 times of GAI

B. 4 times of GAI
C. 6 times of GAI
D. 8 times of GAI
E. 10 times of GAI

Best of Luck…!!!

Answer Key of Above MCQ

1	2	3	4	5	6	7	8	9	10
C	D	B	E	E	A	A	B	C	C