LIC HFL Assistant/Associate case studies
LIC HFL Assistant/Associate · Put your knowledge to work in context.
LIC Housing Finance recruits Assistants and Associates through its own computer-based written examination, and this page prepares candidates for that test rather than for any other bank exam. The credential is an entry-level clerical and associate-level post in a housing-finance company, so the paper blends standard aptitude with a distinct housing-finance and banking-awareness component. The LIC HFL Assistant/Associate case studies are 5 cases and about 3,269 words.
1The EMI Reset Notice: Choosing the Right Draft
A housing finance branch must send an EMI-reset notice to 1,240 home-loan borrowers before the next quarter. The benchmark rate used for floating-rate loans has risen by 25 basis points, so the branch manager must choose between two trainee drafts.
690 words, about 3 min2Scheduling Five Loan Files at a Single-Window Branch
Five loan files-P, Q, R, S and T-must be reviewed by one credit officer on five consecutive working days, Monday to Friday, one file per day. The branch has fixed these dependencies: P must be reviewed before R because R's legal opinion depends on P's property papers; Q cannot be scheduled on Monday or Friday because the valuer is unavailable; S must be reviewed immediately the day after T because the same co-applicant signs both documents; and R cannot be reviewed on Friday because the sanction committee meets only in the morning.
663 words, about 3 min3FOIR Check Before Sanctioning a Home Loan
An applicant and co-applicant have combined net monthly income of Rs 1,10,000 (Rs 78,000 + Rs 32,000). Their existing obligations are a car-loan EMI of Rs 9,400, a personal-loan EMI of Rs 3,600 and a credit-card minimum due of Rs 1,500.
653 words, about 3 min4Foreclosure Charge on a Floating-Rate Home Loan
A borrower took a Rs 35,00,000 floating-rate home loan four years ago. The outstanding principal is Rs 28,40,000.
616 words, about 3 min5KYC Name Mismatch at Home-Loan Disbursement
A home loan is sanctioned in the name 'Ramesh Kumar Verma'. At disbursement, the sale deed shows 'Ramesh Kumar Verma', the PAN shows 'Ramesh Kumar Verma', Aadhaar shows 'Ramesh K.
647 words, about 3 min