SECTION A: SCREENING

1. What is the main tool used by the banks to check their client’s credit history? *

A. DSR Calculation

B. CCRIS

C. Payslip

D. Bank Statement

2. Which among the following DSR (%) rate is considered the healthiest? *

A. 10%

B. 30%

C. 50%

D. 100%

3. What is the maximum financing that banks can give to their customers for their first two housing (residential property) loans? *

A. 70%

B. 10%

C. 100%

D. 90%

4. Which among the following commitment will NOT appear in your CCRIS report? *

A. Housing Installment

B. Car Loan Installment

C. Medical Insurance Installment

D. PTPTN Installment

5. What is the maximum tenure that the client/customer can get when they applied for housing loan with the bank? *

A. 7 years

B. 10 years

C. 25 years

D. 35 years

SECTION B: DEBT CONSOLIDATION

1. What is the normal chargeable interest rates of credit cards? *

A. 5%

B. 3%

C. 25%

D. 18%

2. What is the normal chargeable interest rate for PTPTN under UJRAH Scheme? *

A. 10%

B. 1%

C. 5%

D. 12%

3. What is the normal chargeable interest rate for Housing loans? *

A. 7%

B. 1%

C. 10%

D. 3.3%

4. What is the Total Return you can get from ASB for Financial Year 2020 (Dividend+Bonus)? *

A. 12%

B. 10%

C. 4.25%

D. 2%

5. As per JPPH, what is the annualized return you can get from properties owned in Klang Valley for the past 20 Years? *

A. 30%

B. 20%

C. 6%

D. 2%

6. If you have RM20K in ASB, what should you do FIRST if you were in bad financial condition? *

A. Pay your PTPTN loan of RM10,000.

B. Pay your CREDIT CARD outstanding of RM10,000.

C. Put the money in a Fixed Deposit account to get better returns.

D. Buy a new iPhone latest edition on Easy Pay Instalment

7. Assuming you have an ASB loan of RM100K, how will the banks treat this as? *

A. Liability

B. Income

C. Only cash portion as proof of savings

D. All of the above.

8. Generally, which loan facility will be the hardest to get if you earned a monthly salary of RM3,000? *

A. Hire Purchase

B. Personal Loan

C. Housing Loan

D. ASB Loan

9. If your Property Value is RM500K but your remaining housing loan balance is RM550,000. Should you refinance it? *

A. Yes

B. No

C. Maybe

10. If Robert has RM50,000 worth of credit card debts, what are the strategies that he can use to reduce his monthly commitment? *

A. Refinance his house to get cash out, provided that his house market value has appreciated against his loan outstanding balance.

B. Apply for a Personal Loan to consolidate his credit card debt into a more manageable payment amount & term.

C. Do budget analysis and find the root cause of his spending issue (Example: habitually spending more than his income).

D. All of the above

SECTION C: PROJECT/RESEARCH

1. What is the percentage of interest portion for a 3.5% interest and 35 years housing loan instalment? *

A. 70%

B. 50%

C. 30%

D. 90%

2. What is the Malaysia Overnight Policy Rate (OPR) today? *

A. 1.50%

B. 1.75%

C. 2.00%

D. 2.25%

3. Which of the following criteria is the least important to evaluate before purchasing an investment property? *

A. Supply

B. Median Price

C. Facilities

D. Boosters

4. Which train line has the highest ridership as of today? *

A. LRT Ampang Line

B. LRT Kelana Jaya Line

C. LRT Sri Petaling Line

D. MRT Sungai Buloh-Kajang Line

5. What is the current rounded median price for Kuala Lumpur and Selangor in 2019 respectively? *

A. RM620,000 & 490,000

B. RM620,000 & 590,000

C. RM720,000 & 490,000

D. RM720,000 & 590,000

6. Which of the following case will pay the highest progressive payment in total during construction period? *

A. RM300,000 low floor unit

B. RM300,000 high floor unit

C. RM500,000 low floor unit

D. RM500,000 high floor unit

SECTION D: MORTGAGE

1. What is the percentage (%) that the bank will use to calculate credit card monthly commitment when calculating Debt Service Ratio (DSR)? *

A. 2% of limit amount

B. 3% of outstanding amount

C. 4% of limit amount

D. 5% of outstanding amount

2. What is the percentage (%) that the bank take into account for housing rental income* when calculating Debt Service Ratio (DSR)? *Assuming all stamped and tally credited *

A. 80%

B. 70%

C. 90%

D. 100%

3. Assuming there is Special Attention account highlighted for PTPTN in CCRIS report, what should you do FIRST if you want to submit your application for housing loan? *

A. Pay all your outstanding balance PTPTN in CCRIS to clear the bad record and get settlement letter from PTPTN.

B. Ignore it. No problem to submit your housing loan application.

C. Check with PTPTN to enquire about your latest outstanding balance and try to negotiate for loan restructuring. Then, settle the overdue amount only.

D. Apply for a new personal loan to settle your PTPTN outstanding amount

4. Assuming that in your CCRIS report, there are two (2) properties being recorded, what is the loan margin for your next residential property? *

A. 90%

B. 70%

C. 50%

D. More information required to confirm the loan margin.

5. If Joey has RM50,000 worth of balance in his EPF (Account 2) and he is looking to buy a house with value of RM200,000 which requires him to pay in cash, what is the amount that he can withdraw from his EPF (Account 2) to buy the house? *

A. RM 50,000

B. RM 80,000

C. RM 45,500

D. None of the above

6. Maryam plans to buy her 3rd residential house, but she has used up her LPPSA (government loan) for her first residential property, and second residential house with a loan with CIMB, what is her current loan margin for the 3rd residential property? *

A. 90%

B. 100%

C. 70%

D. 80%

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GENERAL TEST

SECTION A: SCREENING

SECTION B: DEBT CONSOLIDATION

SECTION C: PROJECT/RESEARCH

SECTION D: MORTGAGE