FinCrif Interview Questions and Answers

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Q1. How to work with team
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Working with a team involves communication, collaboration, and mutual respect.
• Communicate openly and effectively with team members

• Collaborate on projects and tasks to achieve common goals

• Respect each team member's opinions and contributions

• Provide support and assistance to team members when needed

• Celebrate team successes and learn from failures together
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Q1. First of introduce and experience
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Q1. Tell me something about your self?
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Q2. What are the documents required for personal loan?
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The documents required for a personal loan may vary depending on the lender, but commonly requested documents include proof of identity, address, income, and employment.
• Proof of identity: Passport, driver's license, or Aadhaar card

• Proof of address: Utility bills, rental agreement, or bank statements

• Proof of income: Salary slips, bank statements, or income tax returns

• Proof of employment: Employment letter or appointment...read more
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Q3. Whats is FOIR? what is Multiplier?
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FOIR stands for Fixed Obligation to Income Ratio. Multiplier is a factor used to determine loan eligibility.
• FOIR is a measure used by lenders to assess a borrower's ability to repay a loan.

• It is calculated by dividing the borrower's fixed obligations (such as loan EMIs) by their monthly income.

• A lower FOIR indicates a lower risk for the lender.

• For example, if a borrower has fixed obligations of $10,000 per month and a ...read more
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Q4. What is KYC in Banking?
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KYC in banking stands for Know Your Customer. It is a process that banks and financial institutions use to verify the identity and assess the risk of their customers.
• KYC is a regulatory requirement in the banking industry to prevent money laundering, fraud, and terrorist financing.

• It involves collecting and verifying customer information such as name, address, date of birth, and identification documents.

• Banks use vario...read more
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Q1. What is CIBIL Score?
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CIBIL Score is a credit score that represents an individual's creditworthiness.
• CIBIL Score is a 3-digit number ranging from 300 to 900.

• It is calculated based on an individual's credit history and repayment behavior.

• Higher CIBIL Score indicates better creditworthiness and increases the chances of loan approval.

• Lenders use CIBIL Score to assess the risk associated with lending money to an individual.

• A good CIBIL Score ca...read more
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Q2. What is salaried Personal Loan?
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A salaried personal loan is a type of loan that is specifically designed for individuals who are employed and receive a regular salary.
• Salaried personal loans are offered by banks and financial institutions to individuals who have a stable source of income.

• These loans are unsecured, meaning they do not require any collateral.

• The loan amount and interest rate are determined based on the borrower's income, credit history...read more
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Q3. How to calculate FOIR?
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FOIR stands for Fixed Obligation to Income Ratio. It is calculated by dividing the total fixed obligations by the monthly income.
• FOIR = Total Fixed Obligations / Monthly Income

• Fixed obligations include monthly loan repayments, credit card payments, and other fixed expenses

• FOIR is used by lenders to assess the borrower's ability to repay a loan

• For example, if the total fixed obligations are $1,500 and the monthly income
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Q4. How to calculate Multiplier?
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Multiplier is calculated by dividing the total sales revenue by the total cost of goods sold.
• Multiplier = Total Sales Revenue / Total Cost of Goods Sold

• Total Sales Revenue is the sum of all sales made during a specific period

• Total Cost of Goods Sold is the sum of all costs associated with producing or purchasing the goods sold

• Multiplier indicates the efficiency of sales in generating profit

• A higher multiplier suggests
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Q5. How is Policy for Flexi Loan?
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The policy for Flexi Loan allows customers to borrow and repay funds as per their convenience.
• Flexi Loan policy offers customers the flexibility to borrow and repay funds as per their needs.

• Customers can withdraw funds from their approved loan limit whenever required.

• Interest is charged only on the amount utilized and not on the entire loan limit.

• Repayment can be made in flexible installments or as a lump sum.

• Additiona...read more
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Q1. First question please tell me somethings about your self than after all question related job profile and qualifications related and most important questions previous job about question roll of a compan...read more
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Mathematical question

Q1. Tell me about your self
Ans. My name is Deepak kumar I'm done my graduation from lalit Narayan Mithila University darbhanga bihar currently I have three years experience in overdraft loan and I was team leader there
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Q2. Sell me overdraft to me ?
Ans. 
Overdraft provides financial flexibility and peace of mind.
• Overdraft allows you to access additional funds when your account balance is low.

• It helps you avoid declined transactions and potential fees.

• You can use overdraft to cover unexpected expenses or emergencies.

• Overdraft can be a useful tool for managing cash flow and maintaining financial stability.

• It provides a safety net for unforeseen circumstances.
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