Invigorated Business Consulting Interview Questions and Answers

To calculate EMI for a tractor loan, use the formula: EMI = (P * r * (1 + r)^n) / ((1 + r)^n - 1)

• P = Principal loan amount

• r = Monthly interest rate

• n = Number of monthly installments

• Example: If the loan amount is $50,000, the interest rate is 5% per annum, and the loan tenure is 5 years (60 months), the EMI can be calculated as follows:

• P = 50000

• r = 5% / 12 = 0.00417

• n = 60

• EMI = (50000 * 0.00417 * (1 + 0.00417)^60) / ((1

Criteria for people given loan

• Credit score

• Income level

• Employment history

• Debt-to-income ratio

• Collateral

• Loan purpose

The company does not provide land on loan.

• The company does not have a program for providing land on loan.

• We focus on sales and do not offer land loan services.

• Our primary business is sales, not land lending.

The amount of RTR required business refers to the total revenue generated from Ready-to-Rent (RTR) products or services.

• RTR required business is the sales target for Ready-to-Rent offerings.

• It represents the amount of revenue that needs to be generated from RTR products or services.

• This metric helps measure the success of the sales team in meeting their RTR sales goals.

• For example, if the RTR required business is $1 mi...read more

The time duration of loan sanction varies depending on several factors.

• The time duration of loan sanction can range from a few hours to several weeks.

• It depends on the type of loan, the lender's policies, and the applicant's creditworthiness.

• For example, a personal loan from a bank may take a few days to a week for sanction, while a mortgage loan may take several weeks.

• Factors such as documentation requirements, loan a...read more