Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What is the meaning of the term Repayment Capacity?

a. It is how much you pay in each EMI.
b. It is the time in which one can repay Housing Loan.
c. None of the options
d. It is based on your monthly disposable income and other factors like spouse’s income, assets,


ANSWER: See Answer
 
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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