LendingKart Associate Director Interview Questions and Answers

Q1. What is the difference between secured and unscured loan
Ans. 
Secured loans are backed by collateral, while unsecured loans are not.
• Secured loans require collateral to secure the loan, such as a house or car

• Unsecured loans do not require collateral and are based on the borrower's creditworthiness

• Secured loans typically have lower interest rates due to the lower risk for the lender

• Examples of secured loans include mortgages and auto loans, while credit cards and personal loans are
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Q2. How many types of loans are there.
Ans. 
There are several types of loans including personal loans, home loans, auto loans, student loans, and business loans.
• Personal loans

• Home loans

• Auto loans

• Student loans

• Business loans
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Q1. What are the basic documents required to process a Business loan.
Ans. 
Basic documents for a business loan include financial statements, business plan, credit history, and personal identification.
• Financial statements (income statement, balance sheet, cash flow statement)

• Business plan outlining the purpose of the loan and how it will be used

• Credit history of the business and its owners

• Personal identification documents (such as driver's license or passport)

• Collateral documents (if applicabl
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Q2. What is 15% of 2 lakhs.
Ans. 
15% of 2 lakhs is 30,000.
• Calculate 15% of 2 lakhs by multiplying 2,00,000 by 0.15

• 15% of 2 lakhs = 2,00,000 * 0.15 = 30,000
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Q1. Tell me something about yourself
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Q2. Situation based qiestions
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Q3. What do you know about this company
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Q1. Basic Question about Banking
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Q2. Calculate EMI and Interest
Ans. 
To calculate EMI and interest, we need to know the loan amount, interest rate, and tenure.
• EMI stands for Equated Monthly Installment, which is the fixed amount paid monthly towards the loan repayment.

• EMI calculation formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the interest rate per month, and N is the tenure in months.

• Interest calculation formula: Interest = (P x R x N)/100, where P is...read more
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Q1. What is your last big incentive achieve
Ans. 
I successfully achieved a 20% increase in sales for my team's product line.
• Implemented a targeted marketing campaign to reach new customers

• Analyzed market trends and competitor strategies to identify opportunities

• Collaborated with cross-functional teams to improve product features and pricing

• Provided training and support to sales representatives to enhance their performance
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Q1. What is ur big incentive
Ans. 
My big incentive is to constantly learn and grow in my role, while also contributing to the success of the company.
• I am motivated by the opportunity to develop new skills and knowledge

• I am driven by the desire to make a meaningful impact in my work

• I am inspired by the company's mission and vision

• I am excited by the prospect of career advancement and personal growth
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Q1. SQL queries Oops Dbms Linked list
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Q1. DSA array and map question
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Q1. Tell me about yourself
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Q2. Can you relocate to Gurgaon
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The aptitude round consists of approx 20 q's, out of which half the q's were based on LR and aptitude and half based on computer fundamentals.

The coding test consisted of 4 q's. The selection criteria was to complete at least 3 q's.

Q1. Tell me something about yourself
Ans. 
I am a passionate software engineer with experience in developing web applications using various technologies.
• Experienced in developing web applications using HTML, CSS, JavaScript, and frameworks like React and Angular

• Proficient in backend development with Node.js and databases like MongoDB and MySQL

• Familiar with version control systems like Git and project management tools like Jira
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Q2. Questions on React.js, as i had build projects using react.js.
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Q1. Are you comfortable working late hours?
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Q2. Yes, Because I complete my work with dedication and commitment.
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