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Questions and Answers
How does the bank determine the size of the loan and the applicable rate of interest?
How does the bank determine the size of the loan and the applicable rate of interest?
- By considering the credit score of the borrower
- By assessing the borrower's annual income
- By evaluating the borrower's investment portfolio
- By clubbing the term loans and working capital finance together (correct)
What must the bank adhere to in case of any amendment in the Interest Rate Policy or new norms/guidelines?
What must the bank adhere to in case of any amendment in the Interest Rate Policy or new norms/guidelines?
- Seeking approval from the borrower
- Informing the media about the changes
- Adhering to the amendment or new norms/guidelines (correct)
- Consulting with external financial advisors
Who will be included in the definition of Corporate Borrowers?
Who will be included in the definition of Corporate Borrowers?
- Sole proprietors
- Individuals with personal loans
- Small family-owned businesses
- Limited Liability Partnership (LLP) (correct)
What does the Bank charge interest on?
What does the Bank charge interest on?
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How does the Bank charge interest?
How does the Bank charge interest?
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