ASSESSMENT EXAM

Name:

1. What is the maximum acceptable age of borrower whose income shall be taken when there is a qualified co-borrower whose age is within the allowed limit?

2. The 3 acceptable conditions to grant a loan to a start-up company.

3. The 2 requirements in financing a pre-owned vehicle.

4. Policy on residence requires at least 1 year residency if renting, otherwise either 2 of these conditions must be met.

5. Provide the requirements to be submitted prior turn in for purchase of imported vehicles.

(Nos. 6 to 10: True or False) 6. A 1.205M auto loan with request for waiver of marital conformity and is against hold out on deposit can be approved by the RBS Group Head or RBS Head.

7. The Chairman with majority shares of ABC Corp. Is applying for a 3.5M auto loan. The company has an existing auto loan with OB of 1.510M, and 2M RCL both with PNB and the chairman as authorized signatory. Based on the exposures alone, the minimum approving authority for the loan is the RBSCC.

8. Mr. and Mrs. Su aged 69 and 66 years old respectively, and their daughter who is 30 years old are applying for a 2 year auto loan. They are engaged in business registered under the father and co-managed by the wife and daughter for 10 years. Being the only child, she is disclosed to be the successor of the business. The business maintains a deposit with PNB which will be the basis of income. If account is to be recommended there will be no deviation on age because there is a qualified co-borrower capable of managing the business and/or an identified successor.

9. Based on CIBI report the borrower has poorly handled credit card with history of 90 days past due in 2020 but NFIS yielded no findings. Credit requirement to approve the account is to require at least 40% DP or require certificate of full settlement or latest updated SOA reflecting current status or zero balance.

10. An auto loan borrower with history of 181 days past due and with balance of 98k reported in NFIS on March 2020 but an existing borrower via 4-year auto loan since 2019 with no history of past due can be granted an auto loan even at 20% DP and with no deviation cited on adverse/poor handling of PL.

11. For purchase of second hand bought 1 day prior to loan application or for refinancing, a final car history is required when the vehicle registration or OR/CR is under the new owner/buyer's name per initial car history report.

12. The maximum loan term allowed for an employee of the LGU whose employment status is co-terminus with the term of the Mayor with 2 years remaining term from current year is 1 year.

13. A 1st degree cousin is an acceptable co-borrower of an OFW.

14. A corporate client is applying for an auto loan with DP of 30% whose Corp Sec has a minor shares of 5%s, however the Corp Sec has poorly handled PNB credit card. If to be recommended, the adverse credit card will be cited as a deviation only because the Corp Sec is a key position.

15. An individual borrower, a self-employed submitted a PNB SOA from period March 1, 2021 to August 31, 2021 opened since Jan 2020. Considering the submitted income document as basis of income and all else is met, the loan proposal prepared today will have no deviation on income.