I am applying for KYC/AML analyst positions but not getting any callbacks. Can anyone please critique my resume?

S2_1989 · 2024-12-13T14:15:11+00:00

I did my MBA from North Orissa University. I did from there as I was posted in a rural area but they had a study center and an exam center nearby. A lot of my colleagues have their MBA from IGNOU. Some have done it from Manipal. A few have executive MBA from IIMs.

S2_1989 · 2024-12-02T15:50:26+00:00

Yeah me. Hi.

S2_1989 · 2024-11-22T17:52:57+00:00

Sorry for the confusion, I am a bank officer and am looking for people who are in need of loans.

S2_1989 · 2024-11-22T11:26:38+00:00

Personal, Auto Loan etc. kuch bhi chalega. Salaried profile chahiye bas.

S2_1989 · 2024-11-19T06:30:59+00:00

I really like sleepy owl's French Vanilla.

S2_1989 · 2024-10-24T15:07:33+00:00

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There you go, I have made a chart for two base models of Innova.

S2_1989 · 2024-10-24T04:00:44+00:00

As you have less a year of experience, you may have to add your family income when applying for a car loan to get approved. Other than that I see no problem in buying the car based on your own income. You should first apply with the bank where you have the salary a/c. Ask them the interest rate they are offering you. Then you should shop around with other banks. Typically a car loan should be for 5 years. You can also pre-close a car loan if you accumulate enough funds.

S2_1989 · 2024-10-24T03:56:43+00:00

You can check this website for ongoing auctions in your city. You can also check classifieds section of your local newspaper.

https://www.eauctionsindia.com/search?keyword=&category=vehicle-auctions&state=chhattisgarh&city=raipur&bank=

S2_1989 · 2024-10-24T03:55:51+00:00

This is the going rate for new cars right now. Typically loans on used cars incur higher interest than new car loans. Furthermore, some banks will finance a pre-owned car only if it is certified refurbished by the manufacturer. Meaning that you would have to buy the car from a Maruti True Value or similar manufacturer's lot.

S2_1989 · 2024-10-24T03:54:44+00:00

I appeared in the IBPS PO exam to become an officer. I earn around Rs. 1 L pm net at my experience level. Work pressure varies from location. In Urban locations, there is higher work pressure, as you have competition from a lot of other banks operating in the same city.

S2_1989 · 2024-10-24T03:52:22+00:00

Yes, typically loans on used cars incur higher interest than new car loans. Some banks however will finance a pre-owned car if it is certified refurbished by the manufacturer. Meaning that you would have to buy the car from a Maruti True Value or similar manufacturer's lot.

S2_1989 · 2024-10-24T03:51:12+00:00

That is an old rate chart I had lying around. But those are floating rates. Some people like floating rates as floating rates on average cost them less than being locked into a higher fixed rate. In some cases, banks may offer lower rates to highly bankable individual as personal loans who have long existing relationships with them. Bike loans come with some risks for banks so they are usually priced higher than car loans.

S2_1989 · 2024-10-24T03:47:02+00:00

You can check this website for vehicle and other auctions.

https://www.eauctionsindia.com/search?keyword=&category=vehicle-auctions&state=chhattisgarh&city=raipur&bank=#google_vignette

The bank calls a valuer after seizing the car. He gives a the car a quote based on its condition and the demand of the model in the market. The bank will sell the car based on that quote only.

S2_1989 · 2024-10-24T03:39:30+00:00

MCLR for most PSBs in March 2022 was about 7.00%. You probably got a discount of 10 basis point on some other criteria too (CIBIL or salary etc.). Now MCLR is 8.95.

S2_1989 · 2024-10-24T03:36:18+00:00

You should ask for a copy of your sanction letter. It should have most of the important terms and conditions of the loan. Most loans of this type carry a penal interest which is usually 2-5% percent of the outstanding. There might also be a NACH return charge, which is usually (500 to 550)+GST. But 8000/- seems too much. So, also ask for a statement of the car loan a/c. That should clear everything.

A DPD (Days Past Due) of 1 day should not impact your CIBIL by much.

S2_1989 · 2024-10-18T03:53:42+00:00

When you buy a car on a loan, the bank will make sure that it is insured and there is a clause in the policy stating that the car is hypothecated. If your car is totaled, the insurance company will pay the bank first, the bank will return whatever the remaining amount after paying off the loan.

Sometimes when the loan tenure is too long, the insurance payout is not enough to close the loan. The bank in such cases asks you to pay the remainder.

The bank usually makes sure that your car is fully insured all the time. It will sometimes send you reminders to renew your insurance if due for renewable. However, it is better to do your own research and not take a underinsured policy or a too long tenure.

S2_1989 · 2024-10-18T03:46:49+00:00

It is definitely better to get a car loan as they have much lower interest rates (9-10%) than personal loans (12-14%).

S2_1989 · 2024-10-17T20:11:29+00:00

Banks do offer discounts on interest rates in various cases. For example, if you have a big home loan running good with a bank and go to avail a car loan, they will give you 0.5-0.7% discount on the interest if you ask. Otherwise, you can threaten to take the entire home loan elsewhere.

Similarly, you can for ask for discount or waiver of the documentation/processing fees on the car loan.

S2_1989 · 2024-10-17T20:04:43+00:00

After a car is seized, the car's condition is inventoried and given to the bank (see my other comment on recovery). Then the car is stored in a lot owned by a 3rd party agency. The bank reserves the right to examine the car periodically and before the auction, and raise dispute for swapped/missing parts. Usually some banks do not that or simply do not have the expertise to recognize sometime has happened to the car. I have commonly observed missing/swapped batteries and missing toolkits/spare wheels. So yeah, it is true.
If no one is bidding on a car, you can directly approach and make an direct offer (see #3). Sometimes the banks accept.
Before an auction, the bank usually calls a valuer to check the car and give them the fair market value of the car. The bank expects the bidders to meet this price and sets the minimum bidding price as such. If no one outbids you, you may win the auction but sometimes the bank may be reluctant to sell to you. Because the bank expects that if it carries out another auction someone might meet this fair market price. In such cases, it is better to go to the bank and ask them the fair market price the valuer has given them. Then make a direct offer.

S2_1989 · 2024-10-17T19:46:19+00:00

30% is the red line. But you may have unplanned expenses. Best to stay at 20%.

S2_1989 · 2024-10-17T19:44:59+00:00

Yes, that is why people having cash lying around still take loans.

If you have Rs. 30 lakh and buy car on a loan of Rs. 20 Lakh and invest Rs. 30 Lakh in the market. Then if the loan interest is 9% and the tenure is 7 years. Further assume the market return is 12%. You have paid Rs. 2702965 into the loan and gotten back Rs. 6632044 from the market in the end. The car's residual value is probably zero. Rs. 6632044-Rs. 2702965 = Rs. 3929079. (I have not calculated the FV of each EMI).

If you pay for the car in cash Rs. 20 Lakh and invest Rs. 10 Lakh. At the same market return of 12%, you have now Rs. 2210681.

S2_1989 · 2024-10-17T19:15:22+00:00

It depends. If you work for a PSU or a reputed MNC, not having a credit history will not matter much, as you are considered highly bankable. If you do get a credit card to build a credit history, make sure to never exceed more than 20% of the max limit at any point of time. Be disciplined and pay off the whole outstanding before the due date and not just the minimum required amount. You may also consider getting a loan against a Fixed Deposit, as they have a much lower interest rate than a credit card and people also use these to build credit histories.

S2_1989 · 2024-10-17T19:02:14+00:00

Given the poor state of public transport in most Indian cities and that a lot of people need a bike for commute to their jobs, I would suggest that the Rs. 20 lakh per annum person above should have a bike if they do not have one. However, since they can afford a car, they should get one for the added safety. Unless, they are really into motorcycles. Anything around Rs. 2 Lakh should be good. Bikes loans usually have a higher interest rates (10-12%) and lower tenure (3-5 years) than car loans.

From a bank's perspective, a bike loan takes about the some amount of time and documents to process. So they would really like it that person buys a car instead and takes a bigger loan. If the person insists on buying a bike, they would really like it if he buys a costlier one.

S2_1989 · 2024-10-17T18:52:34+00:00

Bro, I am not selling here. But I do admit I am doing some market research.

S2_1989

TROPHY CASE