What is underwriting and what you have to do for getting good customer to our finance?

Question

Accepted Answer

Underwriting is the process of assessing the creditworthiness of a customer and determining the terms and conditions for providing finance.

Underwriting involves evaluating the financial and personal information of a customer to determine their ability to repay a loan.
The credit manager analyzes factors such as income, credit history, employment stability, and collateral to assess the risk associated with lending to a customer.
Based on the underwriting process, the credit manager sets the interest rate, loan amount, and repayment terms for the customer.
To attract good customers, the credit manager looks for individuals with a strong credit history, stable income, and low debt-to-income ratio.
Examples of attracting good customers include offering competitive interest rates, flexible repayment options, and personalized loan solutions.
The credit manager may also consider the customer's relationship with the finance company, such as their loyalty or previous successful loan repayments.

Accepted Answer

Underwriting is the process of assessing the credit worthiness of a customer and determining  the terms and conditions for providing finance.

Accepted Answer

Customer cibil score, repayment,high mark,enquiry and loan high impact with obligations any loan writte  off delinquency.

Accepted Answer

See cibil scored, I understand good customar

Top SMFG India Credit Branch Credit Manager interview questions & answers