Ofbusiness Assistant Manager Interview Questions and Answers

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

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

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

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

Yes, I can sell savings accounts. Our savings account offers competitive interest rates and no monthly fees.

• I would start by asking the customer about their current savings account and if they are happy with it.

• Then, I would highlight the benefits of our savings account such as the competitive interest rates and no monthly fees.

• I would also mention any additional perks such as online banking and mobile app access.

• Final...read more