Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Housing Loans for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank
1. Which bank has the lowest interest rate for Home loans in India?
2. What type of loan is a Housing loan?
3. What is the meaning of the term Repayment Capacity?
4. What is an amortization schedule?
5. What is the full form of BPLR?
6. What is the full form of APR?
7. On how much amount of interest repayment ,an income tax rebate is available in India?
8. Which of the following committee has great role in forming a public grievance system for a customer suffering from grievances related to Housing Loans?
9. Which of the following best defines the Reverse Mortgage Loan Scheme?
10. What is the repayment period for the Home loan for a NRI?