Aug 17 Refresher

A modern financial dashboard with charts and graphs related to bank financing, overlaid with images of houses and currency notes

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.

11 Questions3 MinutesCreated by CalculatingNinja732

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

When does house construction start for deferred financing? __% of TCP? Number only.

When can a buyer move-in for h&l NRFO? __% of TCP? Number only.

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%

Which do not belong to the group? Check all possible answers if applicable.

Asia United Bank

Metrobank

HSBC

Robinson's Bank

How much is the association dues in La Posada? Type the number only.

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

Aug 17 Refresher

Bank Financing Quiz: Test Your Knowledge

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