Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Personal 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. What is the full form of EMI?
2. Personal Loans are also called as by which of the following names?
3. What is the maximum loan duration for the Personal Loan?
4. What is the maximum loan amount permitted under the Personal Loan in India?
5. What is the status of Interest rate on Personal Loans as compared to the Home and Car Loans?
6. What is the full form of MCLR?
7. Which of the following best define the term Relationship discount?
8. Which of the following are the ways to repay the personal loan?
9. What are the Pre-Payment charges applied on paying personal loan before tenure period.
10. What are the Pre-Closure charges applied on paying personal loan before tenure period.