Personal Loan Sales Executive Interview Questions and Answers

Savings account and current account are different in terms of their purpose and usage.

• Savings account is meant for saving money and earning interest, while current account is meant for business transactions.

• Savings account usually has a limit on the number of transactions per month, while current account has no such limit.

• Savings account usually offers higher interest rates than current account.

• Examples of savings account include FD, RD, and regular savings account, while exa...read more

The personal loan rate of interest is the percentage charged by the lender for borrowing money.

• The rate of interest can vary based on factors such as the borrower's credit score, loan amount, and repayment term.

• It is important for the sales executive to explain the interest rate clearly to the customer and how it will impact their monthly payments.

• For example, a personal loan with a 10% interest rate will result in higher monthly payments compared to a loan with a 5% interest...read more