Bosch Interview Questions and Answers

Documents needed for home loans include proof of income, identification, credit history, and property details.

• Proof of income such as pay stubs or tax returns

• Identification documents like driver's license or passport

• Credit history report showing credit score and payment history

• Property details including purchase agreement and appraisal

Yes, resident proof is required for home loan approval.

• Resident proof is typically required by lenders to verify the borrower's identity and address.

• Examples of resident proof documents include Aadhar card, passport, utility bills, etc.

• Lenders may have specific requirements regarding the type of resident proof accepted.

Customer eligibility requirements varied based on the specific service or product being offered.

• Customer must meet certain age requirements

• Customer must have a valid form of identification

• Customer must have a minimum credit score

• Customer must not have any outstanding debts or delinquent accounts

• Customer must provide proof of income or employment status

The amount funded on a home loan varies depending on factors such as the borrower's income, credit score, and the value of the property.

• Home loan funding amount is determined by factors like borrower's income and credit score

• The value of the property being purchased also influences the funding amount

• Lenders typically fund up to a certain percentage of the property's value, such as 80% or 90%

Low criteria cases are handled by prioritizing tasks based on urgency and importance.

• Identify the key criteria for determining low priority cases

• Develop a system for categorizing cases based on urgency and importance

• Assign tasks to team members based on their skill set and availability

• Regularly review and update the status of low criteria cases

• Communicate with stakeholders to manage expectations and provide updates

The monthly disbursement business refers to the amount of money distributed to customers or clients on a monthly basis.

• The monthly disbursement business involves the distribution of funds to individuals or organizations on a regular monthly schedule.

• It can include various types of disbursements such as salary payments, welfare benefits, pension payments, or loan disbursements.

• The amount disbursed each month may vary depending on factors such as income, eligibility criteria, o...read more

The average ticket size of loan amount is $50,000.

• The average loan amount is calculated by summing up all the loan amounts and dividing it by the total number of loans.

• For example, if there were 10 loans with amounts $40,000, $60,000, $50,000, $45,000, $55,000, $48,000, $52,000, $47,000, $53,000, and $49,000, the average ticket size would be $50,000.

• This information helps in understanding the typical loan amount provided by the cluster.