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Home Loan Interview Questions & Answers

Below we have listed all the Home Loan Interview Questions and answers. Feel free to comment on any Home Loan Interview Questions or answer by the comment feature available on the page.

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Home Loan Interview Questions & Answers

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan. The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Home Loan is a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.

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I own an apartment which I bought a few years back through a home loan. Since I am relocating to a different city, I need to sell the property while it is under a loan. What is the process flow for such a sale?
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What’s the reasoning behind banks charging a legal fee for home loans?
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What is a Subvention Loan Scheme? Is it worth considering?
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What does a reset clause in a home loan agreement indicate?
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What is the maximum amount I can save on tax for home loan interest repayment if I take a home loan with my wife as a co-borrower?
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I have a home loan of 30 Lakhs for 20 years taken at 10.5% interest rate. I have an extra sum of Rs. 1 Lakhs that i am thinking of prepaying for my loan. Should I reduce my EMI or keep it the same?
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Can i get a loan to raise money for a home loan down payment?
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Can you tell me how does a subvention loan scheme work?
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Can I avail a pre-approved Home loan without selecting the property? How can I avail it?
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Are margin money receipts same as own contribution receipts?
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Which is better for a housing loan, 20 year tenure or a 30 year one?
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If I take up a loan for house construction, can I expect the entire loan disbursal at the start a as a lump sum amount?
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I am very close to finish my home loan. My query is at the time of home loan closure do banks inform CIBIL about the successful closure or do I need to inform them?
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Does one need to time home loan applications keeping in view with RBI repo rate announcements?
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If I opt for a home loan transfer, does the second bank charge loan processing fee? Is it justified?
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My domestic help is seeking a home loan for less than 10 Lakhs. I have been told his loan can cover even the stamp duty charges. Is this correct?
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Is teaser loan a good option to consider for a home loan borrower or is it just another smart way to sell a home loan?
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I had taken a pre approved loan but now i have dropped plans of taking a home loan for now. Can I request for a refund of the loan processing fee?
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My bank loan department told me i can use pre approved loan to get a better deal from the builder. Is this true?
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Can I take a home construction loan to manage expenses for my interior decoration works?
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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)
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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
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