Aug 17 Refresher
Bank Financing Quiz: Test Your Knowledge
Welcome to our Bank Financing Quiz! This quiz is designed to assess your understanding of bank financing concepts and provides an opportunity to refresh your knowledge. You will encounter various questions regarding bank qualifications, construction financing, and more.
- Learn about the qualifications for bank financing.
- Understand the timeline for various payment processes.
- Test your knowledge with practical scenarios.
Who are not qualified for bank financing? Check all possible answers if applicable.
With marital issues
Criminal lawyer
Married to a foreigner
Police on field
When do we pay the CWT for bank financing?
15% of TCP
20% of TCP
25% of TCP
30% of TCP
How much is the NDI if client A's monthly income is 250,000 and her spouse's monthly income is 300,000. Both are OFWs and do not have existing loans. Do not put a comma.
Husband is an engineer earning 570,000 monthly. His wife is a homemaker. They have an existing loan of 95,000. How much is the final NDI for in-house financing? Do not put a comma.
How much is the usual bank charges that the client needs to pay prior loan release?
1-2%
2-3%
3-4%
8%
Which do not belong to the group? Check all possible answers if applicable.
Asia United Bank
Metrobank
HSBC
Robinson's Bank
When do you pay the RPT for a lot package?
15% of the TCP
50% of the TCP
Full payment of the lot
Before you construct a house
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