Assistant Relationship Officer
Assistant Relationship Officer Interview Questions and Answers
Q1. Whats is the loan
A loan is a sum of money borrowed by an individual or organization that is expected to be paid back with interest.
Loans can be obtained from banks, credit unions, or other financial institutions.
There are different types of loans such as personal loans, home loans, car loans, and business loans.
The borrower is expected to pay back the loan amount along with interest within a specified period of time.
The interest rate and repayment terms vary depending on the type of loan and ...read more
Q2. Types of personal loan
Types of personal loans include secured, unsecured, fixed-rate, and variable-rate loans.
Secured personal loans require collateral, such as a car or home
Unsecured personal loans do not require collateral
Fixed-rate personal loans have a set interest rate for the life of the loan
Variable-rate personal loans have an interest rate that can change over time
Other types of personal loans include debt consolidation loans and payday loans
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