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LIC Housing Finance Credit Appraisal Interview Questions, Process, and Tips

Updated 22 Jun 2022

LIC Housing Finance Credit Appraisal Interview Experiences

1 interview found

I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before Jun 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

General Banking , Maths, And reasoning

Round 2 - One-on-one 

(8 Questions)

  • Q1. How do u analyse CIBIL
  • Ans. 

    CIBIL analysis involves reviewing credit history, credit score, loan repayment behavior, and credit utilization ratio.

    • Review credit history and identify any past defaults or delinquencies

    • Check credit score and ensure it meets the minimum requirement for loan approval

    • Analyze loan repayment behavior to determine if the borrower is likely to repay the loan on time

    • Evaluate credit utilization ratio to ensure the borrower is...

  • Answered by AI
  • Q2. What is Loan to value ratio
  • Ans. 

    Loan to value ratio is the ratio of the loan amount to the appraised value of the collateral provided by the borrower.

    • It is used by lenders to determine the risk of lending money to a borrower.

    • A higher LTV ratio indicates a higher risk for the lender.

    • Lenders usually have a maximum LTV ratio that they are willing to lend.

    • For example, if a borrower wants to buy a house worth $200,000 and the lender has a maximum LTV rati...

  • Answered by AI
  • Q3. What is Monthly income to installment ratio (MLSC)
  • Ans. 

    MLSC is the ratio of monthly income to monthly installment paid towards a loan.

    • MLSC is used by lenders to determine the borrower's ability to repay the loan

    • A higher MLSC indicates a better ability to repay the loan

    • MLSC is calculated by dividing monthly income by monthly installment

    • Ideally, MLSC should be less than or equal to 50%

    • For example, if a borrower's monthly income is $5000 and monthly installment is $2000, MLSC

  • Answered by AI
  • Q4. Resume based questions
  • Q5. What is Zero coupon bonds
  • Ans. 

    Zero coupon bonds are bonds that do not pay interest during their term but are sold at a discount and redeemed at face value.

    • Zero coupon bonds are also known as discount bonds.

    • They are issued at a price lower than their face value.

    • They do not pay any interest during their term.

    • The return on investment is the difference between the purchase price and the face value.

    • They are often used for long-term investments or to fun...

  • Answered by AI
  • Q6. Indian Accounting standards
  • Q7. What are the NPA norms of RBI.
  • Ans. 

    NPA norms of RBI refer to the guidelines set by RBI for classification of non-performing assets.

    • NPA is an asset that ceases to generate income for the bank

    • RBI has set different norms for classification of NPAs based on the duration of default

    • For a standard asset, if interest or principal is overdue for 90 days or more, it is classified as NPA

    • For a sub-standard asset, if interest or principal is overdue for 90 days or m...

  • Answered by AI
  • Q8. What is SARFAESI ACT
  • Ans. 

    SARFAESI Act is a legal act that allows banks to recover their non-performing assets without court intervention.

    • SARFAESI stands for Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.

    • It was enacted in 2002 to enable banks to recover their bad loans without the intervention of courts.

    • Under this act, banks can take possession of the collateral security and sell it without the i...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I directly recruited from Campus. But for others, write the exam, then u will have one on one round. You will get call from HR after a long process of 3 to 4 months.

LIC Housing Finance Interview FAQs

How many rounds are there in LIC Housing Finance Credit Appraisal interview?
LIC Housing Finance interview process usually has 2 rounds. The most common rounds in the LIC Housing Finance interview process are Aptitude Test and One-on-one Round.
What are the top questions asked in LIC Housing Finance Credit Appraisal interview?

Some of the top questions asked at the LIC Housing Finance Credit Appraisal interview -

  1. What is Monthly income to installment ratio (ML...read more
  2. How do u analyse CI...read more
  3. What is Loan to value ra...read more

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