Mahindra Finance Business Executive Interview Questions, Process, and Tips

Q1. What is refinance
Ans. 
Refinance is the process of replacing an existing loan with a new loan, typically to take advantage of better terms or lower interest rates.
• Refinance involves paying off an existing loan with the proceeds from a new loan

• It is often done to secure a lower interest rate, reduce monthly payments, or change the loan term

• Homeowners commonly refinance their mortgages to take advantage of lower interest rates
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Disscus about customer behaviour and key skills of sales and marketing

Q1. Last work experience
Ans. B2B sales and marketing in Vardhaman
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Q1. Why do you want to work for our company? ...
Ans. 
I want to work for your company because of its strong reputation, innovative culture, and opportunities for growth.
• Strong reputation: Your company is known for its excellent products/services and customer satisfaction.

• Innovative culture: Your company encourages creativity and embraces new ideas.

• Opportunities for growth: Your company offers career development programs and promotes from within.

• Example: I have been follow...read more
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Q2. Why are you leaving your current job? / Why did you leave your previous job?
Ans. 
Seeking new challenges and growth opportunities.
• Looking for a position that aligns better with my long-term career goals.

• Seeking a more challenging and dynamic work environment.

• Wanting to expand my skill set and take on new responsibilities.

• Desire for professional growth and advancement.

• Company restructuring or downsizing.

• Relocation or personal reasons.
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Q1. What is the difference between bank and nonbanking financial services?
Ans. 
Banking financial services are provided by banks, while nonbanking financial services are provided by other financial institutions.
• Banks are licensed financial institutions that accept deposits, offer loans, and provide various financial services.

• Nonbanking financial services are offered by institutions that are not licensed as banks, such as insurance companies, investment firms, and credit unions.

• Banks are regulated ...read more
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Q2. What is refinance? What is top up loan?
Ans. 
Refinance is the process of replacing an existing loan with a new one with better terms. Top up loan is an additional loan on top of an existing one.
• Refinance can help lower interest rates, reduce monthly payments, or change the loan term.

• Top up loan is usually offered to borrowers who have already paid off a significant portion of their existing loan.

• Refinance and top up loan are commonly used in the context of home l...read more
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Q1. Say something about yourself.
Ans. 
I am a highly motivated and experienced business executive with a proven track record of driving growth and profitability.
• Over 10 years of experience in senior leadership roles

• Successfully led teams to achieve revenue targets and increase market share

• Implemented strategic initiatives to streamline operations and improve efficiency

• Strong financial acumen and ability to analyze data to make informed business decisions

• Exc...read more
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Q2. Your job role & achievement in your previous company
Ans. 
I was the Sales Manager at XYZ Company and achieved a 20% increase in revenue within one year.
• Sales Manager at XYZ Company

• Achieved a 20% increase in revenue within one year
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Q3. Why you left the job or want to left of your previous company
Ans. 
I left my previous job due to limited growth opportunities and a desire for new challenges.
• Limited growth opportunities in my previous company

• Seeking new challenges and opportunities for professional development

• Desire for a more dynamic and innovative work environment

• Wanted to explore different industries and broaden my skillset
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