HDB Financial Services Credit Relationship Manager Interview Questions, Process, and Tips

Credit is the ability to borrow money or obtain goods or services before payment, based on the trust that payment will be made in the future.

• Credit is a financial tool that allows individuals and businesses to access funds they may not have immediately available.

• Credit can come in many forms, such as credit cards, loans, and lines of credit.

• Credit is based on trust and the borrower's ability to repay the debt.

• Credit sc...read more

CBIL stands for Coronavirus Business Interruption Loan. It is a loan scheme introduced by the UK government to support small and medium-sized businesses affected by the COVID-19 pandemic.

• CBIL is a loan scheme introduced by the UK government to support small and medium-sized businesses affected by the COVID-19 pandemic.

• It provides financial support to businesses that are losing revenue or experiencing cash flow disrupti...read more

PL stands for Personal Loan and Mortgage is a loan taken against a property.

• PL is an unsecured loan that can be used for any purpose.

• Mortgage is a secured loan where the property is used as collateral.

• PL interest rates are higher than mortgage rates.

• Mortgage is a long-term loan with a fixed or adjustable interest rate.

• PL is a short-term loan with a fixed interest rate.

• Examples of PL include credit card debt consolidati...read more