10+ Interview Questions and Answers

Salaried individuals need various documents to buy property.

• Proof of identity (e.g. passport, driver's license)

• Proof of address (e.g. utility bill, bank statement)

• Income proof (e.g. salary slips, income tax returns)

• Employment proof (e.g. employment letter, appointment letter)

• Bank statements (to show financial stability)

• Property-related documents (e.g. sale agreement, property registration papers)

Loan eligibility can be determined by assessing factors such as income, credit score, employment history, and debt-to-income ratio.

• Evaluate the applicant's income to ensure it meets the minimum requirement set by the lender.

• Check the applicant's credit score to determine their creditworthiness.

• Consider the applicant's employment history to assess stability and ability to repay the loan.

• Calculate the applicant's debt-to-income ratio by dividing their total monthly debt payment...read more

The question asks about the calculation of salary based on bank criteria and EMI per lakh.

• Calculate the salary by multiplying the bank criteria percentage with the EMI per lakh

• Bank criteria percentage is the percentage of salary that can be used for loan repayment

• EMI per lakh is the monthly installment amount for a loan of one lakh

• Example: If the bank criteria percentage is 50% and EMI per lakh is 1000, the salary would be 50,000

A home loan is a type of loan provided by financial institutions to individuals for purchasing or renovating a residential property.

• Home loan is a form of financial assistance provided by banks or lenders to help individuals buy a house.

• It is a secured loan where the property being purchased or renovated serves as collateral.

• The loan amount, interest rate, and repayment terms are agreed upon between the borrower and the lender.

• Home loans can have fixed or variable interest ra...read more

Proceedings in home loan & mortgage loans involve application, verification, approval, disbursement, and repayment.

• Application process involves submitting necessary documents and information.

• Verification includes checking credit score, income, and property valuation.

• Approval is based on the lender's assessment of the borrower's eligibility.

• Disbursement is when the loan amount is transferred to the borrower.

• Repayment involves paying back the loan amount with interest over a sp...read more

Sourcing involves identifying potential clients and building relationships to generate business. The number of clients you should target depends on your specific goals and industry.

• Identify potential clients through networking, referrals, and market research

• Build relationships with clients through regular communication and providing value-added services

• Set specific goals for the number of clients you want to target based on your industry and company's objectives

• Track your pro...read more

Processing a housing loan involves several steps and requirements.

• Gather necessary documents such as income proof, property documents, and identity proof

• Submit the loan application along with the required documents

• Wait for the bank to verify the documents and conduct a property valuation

• If approved, sign the loan agreement and pay the processing fee

• The bank will disburse the loan amount to the seller or builder

• Start repaying the loan in EMIs as per the agreed terms

Yes, I am familiar with the local market.

• I have extensive knowledge of the local market trends and dynamics.

• I am well-versed in the local competition and customer preferences.

• I have built a strong network of contacts within the local market.

• I have successfully executed various sales and marketing strategies in the local market.

• I am aware of the regulatory and legal aspects specific to the local market.

I received a competitive salary package in my previous role.

• Received a competitive salary package in previous role

• Included base salary, bonuses, and benefits

• Comparable to industry standards

• Negotiated salary package during hiring process

Implemented streamlined process for client onboarding and relationship management.

• Developed standardized procedures for client intake and data collection

• Utilized CRM software to track client interactions and progress

• Collaborated with cross-functional teams to ensure seamless client experience

To last CTC, focus on building strong relationships, providing excellent customer service, and consistently meeting targets.

• Build strong relationships with clients to retain their business

• Provide excellent customer service to ensure client satisfaction

• Consistently meet targets and exceed expectations to demonstrate value to clients