Quiz for IOB Promotion Exam 2023-24 Jan 11, 2024Jan 13, 2024 Mock Test on IOB Retail Loan Schemes Page 1 of 45 While assessing the housing loan eligibility in case of a salaried customer, deductions will be based on? latest month salary slip Average of last 3 months salary slip Average of last 6 months salary slip Average of last 12 months salary slip Average of 2 years ITR Page 2 of 45 what is the take home norm that can be considered by a branch for a borrower with a gross monthly income of Rs.5 lakhs 50% 40% 30% 20% 15% Page 3 of 45 What is the loan amount that can be sanctioned for purchase of a plot in semi urban area? 30% of the loan amount 30% of the purchase price of plot 60% of the loan amount 60% of the purchase price of plot 60% of FMV of the land Page 4 of 45 what is the maximum amount that can be considered towards amenities in case of a housing loan? 10% of cost of house with a maximum of Rs.10 lakhs 10% of cost of house with a maximum of Rs.25 lakhs 20% of cost of house with a maximum of Rs.20 lakhs 20% of cost of house with a maximum of Rs.25 lakhs 25% of cost of house with a maximum of Rs.25 lakhs Page 5 of 45 what is the maximum holiday period that can be sanctioned for purchase of a flat in a building with 14 floors? 18 months 24 months 30 months 36 months 48 months Page 6 of 45 what is the applicable risk weight in case of a housing loan of Rs.75 lakhs sanctioned on 01.01.2023 with a margin of 30%? 50% 35% 25% 10% 20% Page 7 of 45 What is the minimum amount of loan that can be sanctioned under home improvement scheme? Rs.10000/- Rs.20000/- Rs.25000/- Rs.50000/- No minimum Page 8 of 45 What is the maximum amount of loan that can be sanctioned under home decor scheme? Rs.10 lakhs Rs.15 lakhs Rs.20 lakhs Rs.25 lakhs Rs.50 lakhs Page 9 of 45 upto what amount a loan can be sanctioned under home décor scheme with a security of third party guarantee? Rs.1 lakh Rs.2 lakhs Rs.5 lakhs Rs.10 lakhs Rs.25 lakhs Page 10 of 45 what should be the minimum income of a borrower to be eligible for loan under Subhagruha Gen Next home loan scheme? Rs.30000/-monthly net income Rs.30000/-monthly gross income Rs.50000/-monthly net income Rs.50000/-monthly gross income Rs.300000/-annual gross income Page 11 of 45 what should be the minimum loan amount that can be sanctioned under Subhagruha Housing loan CC scheme? Rs.10 lakhs Rs.20 lakhs Rs.25 lakhs Rs.50 lakhs No such limit Page 12 of 45 what should be the minimum income of a borrower to be eligible under NRI home loan scheme? Rs.6 lakhs monthly gross income Rs.6 lakhs annual net income Rs.6 lakhs annual gross income Rs.10 lakhs annual net income Rs.10 lakhs annual gross income Page 13 of 45 What should be the minimum income of a borrower to be eligible under NRI Gen Next housing loan scheme? Rs.6 lakhs annual net income Rs.6 lakhs annual gross income Rs.6 lakhs monthly gross income Rs.10 lakhs annual net income Rs.10 lakhs annual gross income Page 14 of 45 What is the minimum amount of loan that can be sanctioned under NRI Housing Top up loan scheme? Rs.25000/- Rs.50000/- Rs.1 lakh Rs.2 lakhs NRIs are not eligible Page 15 of 45 what is the minimum margin to be maintained in case of a loan amount of Rs.30 lakhs under IOB Home Advantage scheme? 10 % 20 % 25 % 35 % 50 % Page 16 of 45 In vehicle loan ,which of the co-applicants Income can not be considered Spouse Son Daughter Mother Brother Page 17 of 45 Maximum age of the second hand vehicle that can be financed under vehicle loan scheme 1 year 3 years 5 years 7 years NOA Page 18 of 45 what is the maximum age of the borrower that can be considered by the branch under vehicle loan scheme? 55 years 60 years 70 years 75 years No such maximum age Page 19 of 45 Maximum how many vehicles can be financed in the name of a firm with IOB 5 rating by the branch under vehicle loan scheme? 2 vehicles 3 vehicles 5 vehicles 7 vehicles No such restrictions Page 20 of 45 what is the THP norms at branch level for a borrower with a CIC of 700 and having an annual income of Rs.18 lakhs in case of a vehicle loan is? 50% 40% 30% 25% 20% Page 21 of 45 under vehicle loan against deposit scheme what is the margin to be maintained on FD? 5 % 10% 20% 25 % NIL Margin Page 22 of 45 Which is the incorrect option for vehicle loan against deposit? Third party deposits not accepted. Loan should not be granted against joint deposits under F or S CIBIL- not a defaulter & CIC score <550 incl - 1,1 to 5 can also be considered. Monthly gross income: Rs.3,60,000/- All are correct Page 23 of 45 what is the minimum business target for DSA on Housing Loans per month? Rs.50 lakhs Rs.1 crore Rs.2 crores Rs.5 crores Rs.10 crores Page 24 of 45 what will be the commission to be paid to HLC if the aggregate business sourced is Rs.2 crores in a month? 60% 70% 85 % 90% 0.75% Page 25 of 45 what is the minimum salary required under personal loan scheme for a pvt employee whose salary is being credited with our bank? Rs.25000/- gross salary per month Rs.25000/- net salary per month Rs.10000/- gross salary per month Rs.10000/- net salary per month no such minimum salary requirement Page 26 of 45 what is minimum CIC score required to be eligible under personal loan scheme? 550 600 650 700 800 Page 27 of 45 what is the maximum loan amount that can be sanctioned under personal loan scheme for a pvt employee whose salary is not credited with us? Rs.10 lakhs Rs.15 lakhs Rs.20 lakhs Rs.25 lakhs Rs.30 lakhs Page 28 of 45 what is the minimum age of a borrower under personal loan CC scheme? 18 years 21 years 22 years 25 years 55 years Page 29 of 45 what is minimum CIC score required to be eligible under personal loan top up scheme? 550 600 650 700 800 Page 30 of 45 what is the minimum age of a borrower under personal loan Top up scheme? 18 years 21 years 22 years 25 years 55 years Page 31 of 45 what is the minimum age of a borrower & minimim loan amount that can be sanctioned under personal loan Instant (PAPL - STP) scheme? 21 years & Rs.10000/- 21 years & Rs.25000/- 22 years & Rs.20000/- 22 years & Rs.25000/- 25 years & Rs.20000/- Page 32 of 45 what is the minimum age of a borrower under Personal Loans to HNIs scheme? 21 years 22 years 25 years 40 years 55 years Page 33 of 45 what is the minimum income of a LIC agent to be eligible under Personal Loan to LIC agents scheme? Average monthly income of Rs.72000/- Average yearly income of Rs.72000/- Average yearly income of Rs.84000/- Average monthly income of Rs.84000/- Average yearly income of Rs.96000/- Page 34 of 45 what is the maximum loan amount that can be sanctioned under loan against sovereign gold bond scheme for a trust? Rs.10 lakhs Rs.15 lakhs Rs.25 lakhs Rs.100 lakhs Rs.500 lakhs Page 35 of 45 what is the minimum margin to be maintained for loan against sovereign gold bond scheme? 15% 20% 25% 30% 35% Page 36 of 45 What is the minimum age of a borrower under Loan Against Property scheme? 18 years 20 years 21 years 25 years 30 years Page 37 of 45 what is the minimum income of a NRI salaried person to be eligible under Loan Against Property scheme? Rs.30000/- net monthly salary Rs.30000/- gross monthly salary Rs.50000/- gross monthly salary Rs.50000/- net monthly salary NOA Page 38 of 45 who among the following close relatives income cannot be considered in case of a Loan Against Property Scheme? Spouse Father Son unmarried Daughter None of the above Page 39 of 45 what is the maximum loan amount that can be sanctioned to a Non individual under LAP scheme if the property is situated in an urban area? Rs.10 crores Rs.15 crores Rs.20 crores Rs.25 crores Rs.40 crores Page 40 of 45 what is the maximum loan amount that can be sanctioned under Sahayika scheme? Rs.10 lakhs Rs.15 lakhs Rs.20 lakhs Rs.25 lakhs No max limit Page 41 of 45 what is the minimum residual life of the property under Reverse Mortgage Loan scheme? 20 years 25 years 30 years 35 years No Min Page 42 of 45 what is the maximum amount that can be given as a lumpsum payment under reverse mortgage loan scheme? Rs.5 lakhs Rs.10 lakhs Rs.15 lakhs Rs.20 lakhs Rs.25 lakhs Page 43 of 45 what is the maximum loan amount that can be sanctioned under consumer durable loan scheme? Rs.1 lakh Rs.2 lakhs Rs.5 lakhs Rs.10 lakhs Rs.25 lakhs Page 44 of 45 what is the minimum loan amount that can be sanctioned under IOB Surya scheme to an institution? Rs.30000/- Rs.50000/- Rs.100000/- Rs.150000/- Rs.150000/- Page 45 of 45 what is the maximum repayment period that can be sanctioned under IOB Akshay scheme? 24 months 36 month 48 months 60 months no such maximum repayment period Please provide your contact information to proceed.Email Address *First Name *Consent *Yes, I agree with the privacy policy and terms and conditions.Start QuizSkip and continue
