Smart Top Up Variant

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Smart Top Up Variant Quiz

Test your knowledge about the Smart Top Up Variant with our engaging quiz. Designed for both existing and new customers, this quiz covers key aspects like eligibility, limits, and banking norms.

Multiple-choice questions
Learn about assessment limits
Understand banking norms

10 Questions2 MinutesCreated by AssessingFunds421

Smart Top up variant is available for following customers

Existing customers with 12 months vintage with I-Bank

Score > 70

Both a and b

All customers with both fund and non fund based facility

Maximum amount under Smart Top up variant

Rs.1 million

Rs.1.5 million

Rs.2 million

Rs.2.5 million

Sales can be validated with following documents

Latest audited financial

Gst returns for last 12 months

Credit inflows in account for last 12 months

All of the above

Total exposure of borrower not to exceed

Rs. 50 million

Fund based exposure of Rs. 50 million

Rs. 30 million

No limit

Following banking norms applicable for smart top up variant

Track to be ETR

Peak interest delay not to exceed 15 days in last 12 months

TOD not to be availed

All of the above

All BLG program norms are applicable for Smart Top up variant except

NFA for single customer

NFA for projected sales/NCA growth > 25%

Both a and b

None of the above

Collateral cover required for smart top up limit

100%

110%

85%

Additional collateral not required

Utilisation as on 16/12/2019 should be

Less than 85%

Maximum 50%

No limit

More than 90%

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