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Questions and Answers
The Offering Module in LOS allows the Branch Operations / Sales Team to contact the applicant, intimate loan sanction, and proceed to the next steps.
The Offering Module in LOS allows the Branch Operations / Sales Team to contact the applicant, intimate loan sanction, and proceed to the next steps.
True
Offsite Monitoring reviews cases to ensure compliance with all terms and conditions at various stages.
Offsite Monitoring reviews cases to ensure compliance with all terms and conditions at various stages.
True
For loans secured by immoveable property, the charge on security should be created in favor of the borrower before disbursing the loan amount.
For loans secured by immoveable property, the charge on security should be created in favor of the borrower before disbursing the loan amount.
False
Loan sanction intimation is provided to the bank before the loan documents execution is completed by the borrower.
Loan sanction intimation is provided to the bank before the loan documents execution is completed by the borrower.
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Loan officers evaluate applicants' creditworthiness and recommend loan approval or denial.
Loan officers evaluate applicants' creditworthiness and recommend loan approval or denial.
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CIBIL validation fee is an example of a fee collected from borrowers as part of the loan processing.
CIBIL validation fee is an example of a fee collected from borrowers as part of the loan processing.
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Loan Amount is only disbursed through credit to CASA account.
Loan Amount is only disbursed through credit to CASA account.
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Housing / Mortgage loans always take less time for legal compliance fulfillments compared to Business loans.
Housing / Mortgage loans always take less time for legal compliance fulfillments compared to Business loans.
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Yethi - Internal 14 LOS Stages focus on Loan Disbursal.
Yethi - Internal 14 LOS Stages focus on Loan Disbursal.
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Loan officers are not responsible for processing loan applications.
Loan officers are not responsible for processing loan applications.
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