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Branch Campaign Quiz #6

Quiz by Glenn David McMeeking

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11 questions
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  • Q1

     Balance Transfer colleague campaign winners will receive the following vouchers:

    BM will ONLY receive R1500 if all sellers in the branch achieves 2 BT payouts per month

    R500 voucher for colleagues who completes 2 to 3 BTs during the campaign period,  R1000 voucher for colleagues who completes 6 and more BTs during the campaign period,  R750 voucher for colleagues who completes 4 to 5 BTs during the campaign period,  BM will receive R1500 if all sellers in the branch achieves 2 BT payouts per month

    Only R1000 voucher for colleagues who completes 6 and more BTs during the campaign period,  R500 voucher for colleagues who completes 2 to 3 BTs during the campaign period.

    R750 voucher for colleagues who completes 4 to 5 BTs during the campaign period

    30s
  • Q2

     What type of vouchers will colleagues receive in the BT colleague campaign?

     Take a lot

    Pick n Pay & Take a lot

    Woolworths

    Absa Vouchers

    30s
  • Q3

    What is the Balance transfer colleague campaign timeline?

    1 November to 15 December?

    1 November to 31 December?

    1 to 15 November?

     1 to 31 November?

    30s
  • Q4

    What are some of the Balance Transfer benefits?

    Absa takes the hassle out of the admin for the customer as we pay the lender directly

    Customers can also take up additional funds as part of the Balance Transfer if they qualify.

    Settlement details can be obtained telephonically or Call centre

    Product is targeted at customers with Absa loans only.

    Product is targeted at customers with Absa loans only.

    Loan amount ranges from R15000 to R350000 and from 12 to 84 months

    Cheaper personal loan instalment with Absa due to lower interest rates as part of the price guarantee offer

    Absa takes the hassle out of the admin for the customer as we pay the lender directly

    Customers can also take up additional funds as part of the Balance Transfer if they qualify.

    Settlement details can be obtained telephonically or Call centre

    30s
  • Q5

    What are some key points to inform customers about when selling a BT?

    One Debit Order with lower installment as we offer a lower interest rate – customer saves monthly R600 savings on initiation fee with our current BT  initiation discount campaign

    We will settle external loans on behalf of the customer directly to the other lender

    We will settle external loans on behalf of the customer directly to the other lender

    R600 savings on initiation fee with our current BT  initiation discount campaign

    We will settle external loans on behalf of the customer directly to the other lender

     Customer must have a chq account with salary income in order to enjoy BT benefits

    30s
  • Q6

     BT Initiation fee discount campaign: Customers can receive a 50% discount on initiation fees if:

    Ask for override

    Colleague sends it to rates concession

    Capture 50% on the marketing campaign ID field on BDP

    Capture 91 on the Marketing campaign ID field on BDP

    30s
  • Q7

    Balance transfer initiation fee discount campaign runs from:

    17 January to 15 November

    17 October to 31 December

    1 November to 31 November

    1 November to 31 December

    30s
  • Q8

    Frontline (Tellers, Customer Service Clerks & Hosts) can identify BT opportunities by:

    Advise customers that Absa offers the best interest rates in the market

    Ask clients why they require bank statements and refer them to a Sales Consultant if a loan is needed

    Wait for customers toshow an interest in a loan and then only discuss BT to them

    Check account presentation/ statements to see if there are any loan debit orders to other banks

    Advise customers that Absa offers the best interest rates in the market

    Ask clients why they require bank statements and refer them to a Sales Consultant if a loan is needed

    Wait for customers to show an interest in a loan and then only discuss BT to them.

    Check account presentation/ statements to see if there are any loan debit orders to other banks

    Advise customers that Absa offers the best interest rates in the market

    Ask clients why they require bank statements and refer them to a Sales Consultant if a loan is needed

    30s
  • Q9

    We can score loans for clients with a risk grading of IC05 and still be able to payout.

    True, we are paying out many loans on ICO5

    True, risk was relaxed on unsecured lending.

    False, risk is too high

    Not a chance, over my dead body!

    True, we are paying out many loans on ICO5

    30s
  • Q10

    Process to follow for Pro-active rate concessions NTU’s in specific order:

    Rates desk will action the override to the new rate and email request form back to consultant advising of the approval comments on CARD

    Setup an appointment if customer is interested

    Seller to payout loan and use the opportunity to cross sell.

    Immediately contact customer to offer the new lower rate as stated on Pro-active rate concession NTU file.

    Rates desk will action the new rates as stated on card.

    Consultant to complete and forward the Absa 5669 form to Digitalpost@absa.co.za with a email subject line Proactive NTU approved interest rates.

    Immediately contact customer to offer the new lower rate as stated on Pro-active rate concession NTU file.

    Rates desk will action the new rates as stated on card.

    Consultant to complete and forward the Absa 5669 form to Digitalpost@absa.co.za with a email subject line Proactive NTU approved interest rates.

    Rates desk will action the override to the new rate and email request form back to consultant advising of the approval comments on CARD

    Setup an appointment if customer is interested

    Seller to payout loan and use the opportunity to cross sell.

    Setup an appointment if customer is interested

    Seller to payout loan and use the opportunity to cross sell.

    30s
  • Q11

    Select all correct options with regards to unsecured lending

    Trust the system when you receive a decline application, even though you can see there is merit

    Don’t waste time on credit refers, rather move on to the next application or opportunity

    For VSA process, Consultant transfer the call to a virtual sales team to payout loan after client accepts the quote

    For applications where customers are over 65 years old: Proof of pension, investments, Retirement annuity or even a letter from employer confirming retirement age is needed in order for loan to be approved (Income dependent)

    For applications with judgements, defaults and arrears: proof of settlements for judgement or default, debit order was done incorrectly eg: double debit etc

    Action MSA leads within 48hours from the time branch manager receives the lead, success rate is high within 48 hours

    Don’t waste time on credit refers, rather move on to the next application or opportunity

    For applications where customers are over 65 years old: Proof of pension, investments, Retirement annuity or even a letter from employer confirming retirement age is needed in order for loan to be approved (Income dependent)

    Trust the system when you receive a decline application, even though you can see there is merit

    Action MSA leads within 48hours from the time branch manager receives the lead, success rate is high within 48 hours

    Don’t waste time on credit refers, rather move on to the next application or opportunity

    30s

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