A bank is disbursing educational loans to meritorious students. Loans will be made available to applicants who possess the following criteria. The candidate must (i) be a citizen of India (ii) have secured admission to a post -graduate course (master’s or PG diploma) offered by an Indian or foreign university in India (iii) have secured 60% marks in the entrance exam for the course (iv) have security (property/LIC policy) equivalent to the loan amount However, it the applicant fulfils the above mentioned criteria except (a) at (ii) above, the case may  be referred to the loan committee (b) at (iv) above, guarantee of a 3rd party who has an account with bank may be obtained       Ram has applied for a PG course in IT and animation which will commence from January in Kolkata. He has secured admission to the course having obtained 60% in the written entrance test. His uncle, who has an account with the bank, is willing to stand guarantor. Given answer (a) if the loan is to be sanctioned (b) if the loan is to be rejected (c) if the loan is to be referred to the loan committee (d) if the data provided are not adequate to take a decision

Question ID - 53378 | SaraNextGen Top Answer

A bank is disbursing educational loans to meritorious students. Loans will be made available to applicants who possess the following criteria. The candidate must (i) be a citizen of India (ii) have secured admission to a post -graduate course (master’s or PG diploma) offered by an Indian or foreign university in India (iii) have secured 60% marks in the entrance exam for the course (iv) have security (property/LIC policy) equivalent to the loan amount However, it the applicant fulfils the above mentioned criteria except (a) at (ii) above, the case may  be referred to the loan committee (b) at (iv) above, guarantee of a 3rd party who has an account with bank may be obtained       Ram has applied for a PG course in IT and animation which will commence from January in Kolkata. He has secured admission to the course having obtained 60% in the written entrance test. His uncle, who has an account with the bank, is willing to stand guarantor. Given answer (a) if the loan is to be sanctioned (b) if the loan is to be rejected (c) if the loan is to be referred to the loan committee (d) if the data provided are not adequate to take a decision