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Among the given, which of the following statement is not correct?
  • a)
    A repayment holiday may be allowed for a home loan when the construction is undertaken by a reputed builder, a government agency etc. and the borrower makes payments in stages over the construction period.
  • b)
    The moratorium will be upto 24 months after the first disbursement of the loan or two months after completion of construction.
  • c)
    Until final disbursement and repayment commences, the borrower pays interest on the portion of the loan disbursed. This interest is called pre-EMI interest.
  • d)
    All of the given are correct
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Among the given, which of the following statement is not correct?a)A r...
  • A repayment holiday may be allowed for a home loan when the construction is undertaken by a reputed builder, a government agency etc. and the borrower makes payments in stages over the construction period. The moratorium will be upto 18 months after the first disbursement of the loan or two months after completion of construction. The interest payable over the period of the loan is calculated and added to the loan amount to arrive at the total payable amount. This amount, divided by the total number of monthly instalments is called the Equated Monthly Instalment (EMI). Until final disbursement and repayment commences, the borrower pays interest on the portion of the loan disbursed. This interest is called pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of EMI.
  • Hence, from above, we can conclude that, statement given in (b) is not correct.
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Among the given, which of the following statement is not correct?a)A repayment holiday may be allowed for a home loan when the construction is undertaken by a reputed builder, a government agency etc. and the borrower makes payments in stages over the construction period.b)The moratorium will be upto 24 months after the first disbursement of the loan or two months after completion of construction.c)Until final disbursement and repayment commences, the borrower pays interest on the portion of the loan disbursed. This interest is called pre-EMI interest.d)All of the given are correctCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Among the given, which of the following statement is not correct?a)A repayment holiday may be allowed for a home loan when the construction is undertaken by a reputed builder, a government agency etc. and the borrower makes payments in stages over the construction period.b)The moratorium will be upto 24 months after the first disbursement of the loan or two months after completion of construction.c)Until final disbursement and repayment commences, the borrower pays interest on the portion of the loan disbursed. This interest is called pre-EMI interest.d)All of the given are correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Among the given, which of the following statement is not correct?a)A repayment holiday may be allowed for a home loan when the construction is undertaken by a reputed builder, a government agency etc. and the borrower makes payments in stages over the construction period.b)The moratorium will be upto 24 months after the first disbursement of the loan or two months after completion of construction.c)Until final disbursement and repayment commences, the borrower pays interest on the portion of the loan disbursed. This interest is called pre-EMI interest.d)All of the given are correctCorrect answer is option 'B'. Can you explain this answer?.
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