Podcast
Questions and Answers
What is the interest rate for the Easy ReConnect Gold Loan?
What is the interest rate for the Easy ReConnect Gold Loan?
- 13.8% p.a (correct)
- 14.5% p.a
- 15.0% p.a
- 12.5% p.a
What is the purpose of the Easy ReConnect Gold Loan?
What is the purpose of the Easy ReConnect Gold Loan?
- To encourage new customer acquisitions
- To offer loans for purchasing gold jewelry
- To reconnect and win back existing Bandhan customers (correct)
- To refinance existing loans at a lower rate
What does LTV stand for in the context of the Easy ReConnect Gold Loan?
What does LTV stand for in the context of the Easy ReConnect Gold Loan?
- Liquidity to Value
- Limit to Value
- Leverage to Value
- Loan to Value (correct)
Which of the following statements is true about the Easy ReConnect Gold Loan?
Which of the following statements is true about the Easy ReConnect Gold Loan?
What segment of customers is the Easy ReConnect Gold Loan targeting?
What segment of customers is the Easy ReConnect Gold Loan targeting?
Flashcards
Easy ReConnect Gold Loan
Easy ReConnect Gold Loan
A loan product designed to help Bandhan customers re-establish a relationship with the bank.
Interest Rate
Interest Rate
The annual interest rate charged on the Easy ReConnect Gold Loan, calculated as a percentage of the loan amount.
Loan to Value (LTV)
Loan to Value (LTV)
The maximum percentage of the gold value that can be lent to the customer, as determined by the bank's policy.
Easy ReConnect Gold Loan Interest Rate
Easy ReConnect Gold Loan Interest Rate
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Maximum Permissible LTV
Maximum Permissible LTV
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Study Notes
New Gold Loan Product
- A new gold loan product, "Easy ReConnect Gold loan," is introduced to reconnect and win back Bandhan customers.
- The loan features an attractive interest rate of 13.8% per annum.
- The maximum loan-to-value ratio (LTV) is capped by the applicable guidelines of the AGLOC (presumably, the Association of Gold Loan Companies or a similar regulatory body).
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