Genpact Senior Commercial Officer Interview Questions and Answers

Q1. What is lending, explain about
Ans. 
Lending is the act of providing money or assets to another party with the expectation of repayment.
• Lending involves a lender providing funds to a borrower with the expectation of receiving interest and principal repayment.

• Lending can take many forms, including personal loans, mortgages, and business loans.

• Lenders may require collateral or a credit check to mitigate risk.

• Interest rates and repayment terms vary depending...read more
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Q2. What is disbursement amount
Ans. 
Disbursement amount refers to the total amount of money paid out by a lender to a borrower.
• It is the amount of money that a borrower receives from a lender after the loan is approved.

• It includes the principal amount as well as any interest or fees that may be charged.

• Disbursement amount can vary depending on the type of loan and the lender's policies.

• For example, in a mortgage loan, the disbursement amount may be paid ...read more
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