Belstar Microfinance Assistant Credit Manager Interview Questions and Answers

Q1. Technical related questions
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Q2. Product related questions
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Q1. Work experience
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Q2. Qualification
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Q1. What is your education
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Q2. Qualification
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Group discussion with senior

Q1. Question related to salary package
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Q2. Question related to notice period
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Q1. Technical knowledge and job profile related
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Q2. As per process and work experience based
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Q1. Salary expectation
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Q2. It is everyone's job to increase the salary and post of the employees after seeing their hard work
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Q3. Work experience
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Q4. Income analysis
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Q5. How to settle income FOIR
Ans. 
FOIR can be settled by ensuring the borrower's total fixed obligations do not exceed a certain percentage of their income.
• Calculate the borrower's total fixed obligations, including existing loan EMIs, rent, and other fixed expenses.

• Calculate the borrower's income, including salary, rental income, and any other sources of income.

• Divide the total fixed obligations by the borrower's income to get the FOIR.

• Ensure the FOIR...read more
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The work of the credit team is to provide loan after doing income analytics after studying the case and whether EMI can be given to the customer and my work in case study is to find out by doing local inquiry whether the customer is showing fake business or not and in sales, I keep getting to know what is the problem in the case

Q1. What's your product in previous organisation
Ans. 
In my previous organization, the product I managed was a range of personal loans tailored to meet the financial needs of individual customers.
• Managed a portfolio of personal loans

• Analyzed creditworthiness of applicants

• Developed strategies to increase loan disbursement

• Collaborated with sales team to drive product awareness
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Q2. What's knowledge of about secured loan vertical
Ans. 
Knowledge of secured loan vertical involves understanding the process of lending money with collateral as security.
• Understanding the concept of collateral and its importance in securing loans

• Knowledge of different types of collateral that can be used in secured loans, such as real estate, vehicles, or investments

• Familiarity with the legal aspects of secured loans, including the rights and responsibilities of both the l...read more
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HR just will discuss just on salary negotiable

Q1. Your introduction .
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Q2. Education
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Q1. They asked all relevant questions about previous experience. Nature of Work at previous organization.
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Q2. Nature Job to determine the quality
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Q1. They asked all experience and documents to process next level
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Q1. After all documents submission offer letter released.
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