Job Description
- Research and evaluate the financial status of the person applying for a loan.
- Evaluate the credit value by processing the loan applications and documents within particular limits.
- Interview the loan applicants to determine their financial eligibility and prepare the feasibility report for granting loans.
- Determine all applicable metrics and ratios and set up debt payment plans.
- Communicate with the clients to provide information and to forward their loan requests.
- Approve loans for eligible applicants and reject the ones who are not eligible. Justify the approvals/rejection decisions by filing reports about the same.
- Complete loan agreements and counsel clients on limitations and policies.
- Have an excellent understanding of the different types of loans and other financial services.
- Maintain and update loan files and accounts records.