Discussion Forum : Nabard & Other Bank Examinations
Question -
What is the meaning of the term Repayment Capacity?
Answer: Option D
THE BANK WILL ASSESS REPAYMENT CAPACITY WHILE DECIDING THE HOME LOAN ELIGIBILITY. REPAYMENT CAPACITY IS BASED ON YOUR MONTHLY DISPOSABLE / SURPLUS INCOME AND OTHER FACTORS LIKE SPOUSE’S INCOME, ASSETS, LIABILITIES, STABILITY OF INCOME ETC.
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THE BANK WILL ASSESS REPAYMENT CAPACITY WHILE DECIDING THE HOME LOAN ELIGIBILITY. REPAYMENT CAPACITY IS BASED ON YOUR MONTHLY DISPOSABLE / SURPLUS INCOME AND OTHER FACTORS LIKE SPOUSE’S INCOME, ASSETS, LIABILITIES, STABILITY OF INCOME ETC.
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