IDFC FIRST Bharat Senior Assistant Interview Questions and Answers

Documents required for processing a Home loan include proof of identity, address, income, property documents, and bank statements.

• Proof of identity (e.g. Aadhar card, passport, driver's license)

• Proof of address (e.g. utility bills, rental agreement)

• Income documents (e.g. salary slips, income tax returns)

• Property documents (e.g. sale deed, NOC from builder)

• Bank statements (e.g. last 6 months)

No, a housing loan cannot be processed with a document being waived off with oral communication.

• Documents are legally required for processing a housing loan to ensure accuracy and compliance.

• Oral communication is not considered a valid form of documentation in the loan processing.

• Waiving off a document without proper written approval can lead to legal issues and risks for the lender.

• Examples: income verification docume...read more

Housing loan is a type of loan provided by financial institutions to individuals for purchasing or constructing a house.

• Housing loans typically have lower interest rates compared to other types of loans.

• The loan amount is usually based on the applicant's income, credit score, and the value of the property.

• Repayment of the loan is done through monthly installments over a specified period of time.

• Defaulting on housing lo...read more