- World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions
Our Services
Get 9,000 Interview Questions & Answers in an eBook.

Get it now !!
Send your Resume to 6000 Companies
Consumer Durable Loan Interview Questions & Answers - Learning Mode

Consumer Durable Loan Interview Questions & Answers - Learning Mode

Consumer Durable Loan is a finance option for purchase of household items like Washing Machines, Refrigerators, AC, Color TV, LCD, Microwaves etc. Consumer Durable loan is an installment loan to Individual for a specified sum of money towards the purchase of a consumer durable products.

Try Consumer Durable Loan Interview Questions & Answers - Exam Mode


Sort By : Latest First | Oldest First | By Rating

Consumer Durable Loan Interview Questions & Answers - Learning Mode
Try Consumer Durable Loan Interview Questions & Answers - Exam Mode
Question: If I take a Consumer Durable Loan will it showcase in my CIBIL report?

Answer: It all depends on the agency through which you take the consumer durable loan. Usually all banks and NBFCs share their data with cibil so ideally yes your consumer durable loan will be listed in your cibil loan history. This also means that any defaults on the loan will impact your cibil score negatively. Source:
Question: I got Consumer Durable loans and I have repaid (pre closed) it and I have also repaid my Credit cards as well. I wanted to know how much time it takes to get it updated in CIBIL and will foreclosing of my Consumer durable loans and credit cards increase my CIBIL score by how much? How much time it takes to get updated and how can i check it?

Answer: Pre closure of loans will get updated in CIBIL, but unlikely to improve your credit score considerably. Credit score is usually comes higher when you promptly pay a loan for a long term. However, you have other benefits like interest saving, when pre-closing a loan.

The updation of pre-closing on CIBIL depends upon your bank. If the bank passes the information to the credit agency soon, it will get updated fast. However, you need not often check your CIBIL score. It can be pulled out once Source:
Question: Do I need to show my ITR for a Consumer Durable Loan?

Answer: When you opt for a consumer durable loan you can either get the loan from a bank or a NBFC. Usually the lender does a background check depending on your income for the loan approval. Since consumer durable loans are not very high risk, you are usually not required to submit your ITR details. Source:
Question: I am looking to buy an iphone but short of money. Is it a good idea to buy a Smartphone using a consumer loan?

Answer: Many banks as well as non banking financial companies have started offering various consumer durable loans for customers. You will need to check with your bank or NBFC offering a consumer durable loan for a Smartphone. Loans are available for limited products of selected manufacturers so please check with your NBFC if the offer is available on your desired phone model and make. However the better way is to wait till you have enough money to purchase the goods as consumer durable loans attract lo Source:


India News Network
Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
Cache = 0.03125 Seconds