BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is how much you pay in each EMI.
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It is the time in which one can repay Housing Loan.
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None of the options
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It is based on your monthly disposable income and other factors like spouse’s income, assets,
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Detailed explanation-1: -Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc.
Detailed explanation-2: -The capital debt repayment capacity margin is computed by subtracting interest expense on term debt, principal on term debt and capital leases, and unpaid operating debt from prior periods from capital debt repayment capacity.
Detailed explanation-3: -What Are Loan Terms? “Loan terms” refers to the terms and conditions involved when borrowing money. This can include the loan’s repayment period, the interest rate and fees associated with the loan, penalty fees borrowers might be charged, and any other special conditions that may apply.
Detailed explanation-4: -Amortization means repayment of the entire loan amount in a series of instalments. This method is an extension of partial repayment plan.