Sakal Money Interview Questions and Answers

ABB is calculated by dividing the average daily balance by the number of days in the billing cycle.

• Determine the average daily balance for the billing cycle

• Divide the average daily balance by the number of days in the billing cycle

• Example: If the average daily balance is $1,000 and the billing cycle is 30 days, ABB would be $33.33

FOIR is calculated by dividing the total fixed obligations by the net monthly income of the borrower.

• Fixed obligations include existing loan EMIs, credit card bills, and other monthly expenses.

• FOIR should not exceed 50-60% for most lenders.

• For example, if a borrower has fixed obligations of Rs. 30,000 per month and a net monthly income of Rs. 60,000, the FOIR would be 50%.

• FOIR is an important factor in determining loan

To check bank statement, log in to your online banking account or visit the bank branch and request a printed statement.

• Log in to your online banking account and navigate to the section for viewing statements

• Select the desired statement period and download or print the statement

• Visit the bank branch and request a printed statement by providing your account details and identification

• Check for any discrepancies or errors