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Certified Financial Guardian Ecourse Quiz

How To Ensure That Your Loans Do Not Become A Burden

Congratulation

6 Factors To Evaluate While Availing Home Loans

Congratulations for taking the quiz.

Question 1 of 5

1 What is the maximum percentage of the total value of the agreement banks disburse a home loan?

100% of the asset value

Approximately 70%-80% of the asset value

Approximately 40%-50% of the asset value

Approximately 30%-40% of the asset value

Score so far: 1 out of 5

Next

Question 1 of 5

2 Can you repay your home loan ahead of schedule?

Yes

No

Only some lending institution provide this option

You need to seek permission from National Housing Board before you pre-pay your loan

Score so far: 2 out of 5

Next

Question 1 of 5

3 What is true about fixed rate of interest in home loan?

Interest rates remain unchanged for the entire duration of the loan

One doesnt benefit, even if the rates of interest drop in the market.

The borrower knows how much EMI he needs to serve for entire tenure of loan without worrying about any interest rate volatility

All of the above

Score so far: 3 out of 5

Next

Question 1 of 5

4 What is true about floating rate in home loans?

This is the rate of interest that fluctuates according to the market lending rate

One gets benefitted if the rates of interest drop in the market.

Both a and b

None of the above

Score so far: 4 out of 5

Next

Question 1 of 5

5 What do you mean by the term "Margin" in case of home loans?

It is the down payment the buyer needs to pay at the time of purchase

It is same as EMI

Score so far: 5 out of 5

Next

Money Simplified E-Classes

Module I : How To Make Your Budget & Design Your Cash Flows
Module II : How To Plan Your Key Life Goals
- 5 Ways to Ensure That Your Financial Goals Are S.M.A.R.T.
- 6 Factors to Determine the Corpus You Need For Your Financial Goals
Module III : The Right Approach To Insurance Planning
Module IV : Prudent Ways To Plan Your Investments
Module V : Tested Ways To Retire Rich
Module VI : All You Need To Know About Estate Planning
- Why Estate Planning Is Imperative For You
- 10 Vital Points To Note While Writing A Will
Module VII : How To Ensure That Your Loans Do Not Become A Burden
Module VIII : Key Learnings From Investment Gurus
- Quotes and Thumb Rules on Financial Planning

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