Mathematics · Averages and Percentages
A retail bank is evaluating a personal loan application. The applicant has a gross monthly salary of ₹1,50,000 and a net monthly salary (after deductions) of ₹1,25,000. Existing monthly EMIs are ₹12,000 (car loan) and ₹35,000 (home loan). The proposed personal loan has an EMI of ₹32,000. The bank's policy mandates that the Net Take-Home (NTH) pay after ALL EMIs must be at least 40% of the net monthly salary. What is the outcome of the loan appraisal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Approved, provided the loan amount is reduced so total EMI does not exceed 50% of gross income.
- 2Approved, because the applicant's CIBIL score alone determines approval for personal loans.
- 3Rejected, because total EMIs (₹79,000) leave an NTH pay of ₹46,000, which is only 36.8% of the net salary.✓
- 4Approved, because total EMI (₹79,000) is less than 65% of the gross monthly salary.
Correct answer
Rejected, because total EMIs (₹79,000) leave an NTH pay of ₹46,000, which is only 36.8% of the net salary.
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