FA Credit Adviser Practice Questions - Financial Academy Credit Adviser Professional Exam (CAPE) (Saudi Arabia) Exam

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Consumer finance under SAMA’s Regulations for Consumer Finance primarily covers financing granted to individuals for which purpose?

Financing connected to the borrower’s commercial activity only Only mortgage loans secured on residential property Non-business purposes unconnected with the borrower’s commercial or professional activity Only margin lending against securities

Correct Answer:

Non-business purposes unconnected with the borrower’s commercial or professional activity

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