BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Customers can now view their Credit Score in BOB world. The first credit score is absolutely free of cost. Thereafter what is the charge for second score?
A
Rs. 100+ GST
B
Rs 10+ GST iii. Rs. 118
C
Rs. 20 + GST
D
Rs.118
Explanation: 

Detailed explanation-1: -Based on the factors that are given above, the final score is given that ranges between 300 and 900. A higher score means a better credit worthiness. Ideally speaking any score of above 750 is considered to be a goog one.

Detailed explanation-2: -It is a three-digit number that ranges between 300-900 which is calculated on the basis of the financial history of the applicant. So, how much CIBIL Score is required for a personal loan? Well, if you have a CIBIL score of 750 or more, you are good to go. In Bank of Baroda minimum CIBIL Score for Personal Loan is 701.

Detailed explanation-3: -On approval, you will get your credit report mailed to you in the next 24 hours, and you can check your CIBIL score, also existing BOB customer can check their CIBIL score through bob World mobile banking app.

Detailed explanation-4: -The minimum credit score required for the loan is 701. CIBIL score (-1) is also eligible. The repayment period or tenure for car loans is up to a maximum of 84 months and is determined by the EMI amount. As collateral, all cars financed through our auto loans are hypothecated with Bank of Baroda.

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