MT Batch 2023 - Housing - Quiz 2 - Product Offerings

Home Improvement Loan - Minimum stage of construction at the time of entry shall be

• Above 80%

• 40% - 60%

• 80%

• 50% - 60%

End use of Home Equity Loan

• Refinance more than 12 months

• Purchase of multi-dwelling units in same property

• Business related

• Debt Consolidation, Asset creation

• All of the options given

Maximum Loan amount for HL Self Construction and Purchase loans:

• SF-75L

  IF-50L

• SF-75L

  IF-30L

• SF-50L

  IF-30L

• SF-50L

  IF-50L

Minimum loan amount for a core loan in USFB Housing vertical is

• 5Lakh

• 3Lakh

• 2Lakh

• 1Lakh

Minimum Loan amount for top-up loans in USFB Housing vertical is

• 3Lakh

• 1Lakh

• 2Lakh

• 5Lakh

Maximum LTV allowed for a construction loan is

• SF-70%

  IF-70%

• SF-80%

  IF-70%

• SF-90%

  IF-80%

• SF-90%

  IF-70%

LTV for Purchase Loans

• SF - 90% (loans up to 30L)

  SF - 80% (loans above 30L)

  IF - 80%

• SF & IF - 70%

• SF - 80%

  IF - 70%

loan amount for composite loans

• SF - 50L

  IF - 30L

• SF - 75L

  IF - 30L

• SF - 50L

  IF - 50L

• SF - 30L

  IF - 30L

Refinance option is only allowed for Home Loans

• False

• True

Maximum loan tenure for Home Improvement Loans

• 15 Years

• 12 Year

• 20 Years