Dhani Loans and Services Assistant Manager Interview Questions and Answers

The collection purpose refers to the reason for gathering or accumulating certain items or information.

• Collection purpose helps in determining the intended use of the collected data.

• It ensures that the collected items or information are relevant and necessary for a specific purpose.

• Examples of collection purposes include market research, customer profiling, data analysis, and record-keeping.

• Collection purpose also help...read more

To calculate EMI and interest, we need to know the loan amount, interest rate, and tenure.

• EMI stands for Equated Monthly Installment, which is the fixed amount paid monthly towards the loan repayment.

• EMI calculation formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the interest rate per month, and N is the tenure in months.

• Interest calculation formula: Interest = (P x R x N)/100, where P is...read more