To determine at how many days past due delinquency occurs on a loan repayment, let's consider the typical benchmarks used in the finance industry to categorize delinquent loans. Normally, delinquency is identified when the loan repayment is significantly overdue. Based on industry standards:
- A loan is generally considered delinquent if the payment is not made on the due date.
- Various time frames can further classify the severity of the delinquency.
Among the given options:
a. 90 days
b. 30 days
c. 45 days
d. 240 days
Delinquency typically occurs when the loan repayment is 90 days past due. Hence, the correct answer is:
a. 90 days
This means if you miss a loan repayment and it remains unpaid for 90 days past the initially agreed repayment date, it is typically classified as delinquent.
