Bajaj Housing Finance Credit Officer Interview Questions and Answers

Credit refers to the ability of a borrower to receive funds from a lender with the promise of repayment with interest.

• Credit is a financial tool used by individuals and businesses to access funds they may not have immediately available.

• Credit can come in many forms, such as loans, credit cards, and lines of credit.

• Credit is typically granted based on the borrower's creditworthiness, which is determined by factors such ...read more

Leverage is the use of borrowed funds to increase potential returns on an investment.

• Leverage involves borrowing money to invest in an asset with the hope of earning a higher return than the cost of borrowing.

• It amplifies both gains and losses, so it can increase potential profits but also increase risk.

• Examples of leverage include using a mortgage to buy a house or using margin to buy stocks.

• Leverage is commonly used ...read more

A credit card is a plastic card that allows the holder to borrow money from a bank or financial institution to make purchases.

• Credit cards have a credit limit, which is the maximum amount of money that can be borrowed.

• Interest is charged on the amount borrowed if not paid back in full by the due date.

• Credit cards offer rewards and benefits such as cashback, points, and miles.

• They can be used for online and in-person pu...read more