10 Questions
What is the maximum age limit for individuals applying for a loan?
65 years
For motor vehicles under what market value will the loan not be accepted?
k65,000
Which vehicle make does not require exceptional approval by the MD?
Toyota
What is the specific year of manufacture requirement for Mercedes Benz vehicles?
2010 and above
What type of vehicle valuation method is used to calculate the maximum loan amount for Mercedes Benz vehicles?
Forced Sale Value (FSV)
What is the primary responsibility of the credit department according to the text?
To have the final authority on approving new clients
Which of the following is NOT a requirement mentioned for establishing credit eligibility?
The client must have a minimum credit score of 700
Whose function is it to enforce the credit policy in all respects?
The Credit and Compliance officer
What additional requirement is mentioned for clients with an Airtel number operational for less than 3 months?
Exceptional approval is required from the credit supervisor (Francis Musonda)
Which of the following documents is NOT mentioned as a requirement in the text?
A utility bill as proof of residence
Test your knowledge on the requirements and responsibilities related to establishing credit limits for new customers and maintaining credit limits for active and inactive accounts. Learn about the roles of the credit department, credit management, Credit and Compliance officer, Regional Management, and Team Leaders in enforcing credit policies.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
