Dvara KGFS Credit Manager Interview Questions and Answers

Q1. What you understand about HL LAP and BL
Ans. 
HL LAP stands for Hypothecation of Loans and Advances against Property. BL stands for Bill of Lading.
• HL LAP is a type of loan where the borrower hypothecates their property to secure the loan.

• BL is a document issued by a carrier to acknowledge receipt of goods for shipment.

• HL LAP is commonly used in mortgage loans, while BL is used in international trade for goods transportation.
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Case study of Credit appraisal for various business income analysis.

Q1. How to verify the property DOCUMENTS, LSR and TSR
Ans. 
Verification of property documents involves checking LSR and TSR.
• Check the authenticity of the documents by verifying the signatures and stamps.

• Ensure that the documents are not forged or tampered with.

• Verify the Land Survey Report (LSR) to confirm the boundaries and measurements of the property.

• Check the Town Survey Report (TSR) to confirm the land use and zoning regulations.

• Consult with legal experts to ensure that a
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Q2. How evaluate the customer income
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Customer income can be evaluated through various methods.
• One can ask for pay stubs or tax returns to verify income.

• Credit reports can also provide information on income.

• Bank statements can show regular deposits and income sources.

• One can also use industry benchmarks to estimate income based on job title and location.

• It's important to consider other factors such as debt-to-income ratio and employment stability.
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Q1. What is underwriting
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Underwriting is the process of evaluating the risk of a loan or investment and determining if it meets the lender's criteria.
• Underwriting involves analyzing financial statements, credit reports, and other relevant information to determine the borrower's ability to repay the loan.

• The underwriter also assesses the value of the collateral and the overall market conditions.

• Examples of underwriting include mortgage underwri...read more
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Q2. How to assess the income of Assess the SENP segment
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Assessing income of SENP segment
• Analyze income sources such as salary, investments, and rental income

• Consider debt-to-income ratio and credit history

• Look at demographic data and economic trends in the area

• Use financial statements and tax returns to verify income

• Compare income to expenses and debt obligations
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Q3. What is the three pillar of the any loan eligibility
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The three pillars of loan eligibility are credit score, income, and collateral.
• Credit score: A good credit score indicates a borrower's ability to repay the loan.

• Income: Sufficient income is necessary to ensure timely loan repayments.

• Collateral: Providing collateral reduces the risk for the lender and increases loan eligibility.

• Example: A person with a high credit score, stable income, and valuable collateral has a hig
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Q4. What you find the in technical report
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Technical reports should contain accurate and detailed information about a specific topic.
• Technical reports should have a clear and concise title

• The report should have an introduction that outlines the purpose and scope of the report

• The report should contain accurate and detailed information about the topic

• The report should have a conclusion that summarizes the findings and recommendations

• The report should be well-orga...read more
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Q5. How to check legal report and what is the incumbrance
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To check legal report, obtain a copy from relevant authority and review for any legal issues. Incumbrance refers to any legal claims on property.
• Obtain a copy of the legal report from relevant authority

• Review the report for any legal issues such as pending lawsuits or liens

• Incumbrance refers to any legal claims on property such as mortgages or unpaid taxes
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Q6. Which document is mandatory for in case of the partnership firm
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Partnership deed is mandatory for a partnership firm
• Partnership deed is a legal document that outlines the terms and conditions of the partnership

• It includes details such as the name of the firm, the names of the partners, their capital contributions, profit sharing ratio, etc.

• It is important to have a partnership deed to avoid any disputes or misunderstandings between the partners

• It is also required for registration o...read more
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