Savvy Finance - Aptitude Test
Scenario 1 – John, who is unsure of his credit history, is looking to take up a Personal Loan of $10,000 for his Holiday trip to Europe. Advise John on which finance company would be best suited for him and why?
Suppose if John had a pre-approved personal loan with another company who would settle his loan disbursement in 5 days, but John wanted a disbursement within 1 day, which financial would you suggest to John and why?
Suppose John’s loan is approved through Savvy Finance, what would be his ongoing fees?
Suppose John is late is on his repayments for 2 months, what would be his minimum late payment fee?
What documents are required to speed up the personal loan application process?
Scenario 2 – Alisha, who recently got married is planning to save up for a new car and is looking to open a savings account to plan for her financial goals. She currently has $5,000 which she is looking to invest through a savings account and is planning to regularly deposit $500 on a monthly basis with an interest rate of 5.5%. Advice Alisha of her Total interest earned after 2 years?
Finally, why should a customer choose Savvy Finance?