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IIFL Finance Branch Credit Manager Interview Questions and Answers

Updated 17 Aug 2024

IIFL Finance Branch Credit Manager Interview Experiences

2 interviews found

Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected
Round 1 - Aptitude Test 

Basic maths and common science exam

Round 2 - interview 

(2 Questions)

  • Q1. Inroduce urself
  • Q2. What is loan procurement
  • Ans. 

    Loan procurement is the process of obtaining a loan from a financial institution or lender.

    • Involves submitting an application for a loan

    • Includes providing necessary documentation such as income verification and credit history

    • May require meeting certain eligibility criteria set by the lender

    • Can involve negotiating loan terms and interest rates

    • Examples: applying for a mortgage, car loan, or personal loan

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be ur best

Branch Credit Manager Interview Questions & Answers

user image Shailendra Singh

posted on 17 Aug 2023

Interview experience
5
Excellent
Difficulty level
-
Process Duration
More than 8 weeks
Result
-

I applied via Recruitment Consulltant

Round 1 - One-on-one 

(2 Questions)

  • Q1. What is this CIBIL in customer
  • Ans. 

    CIBIL is a credit information company that collects and maintains records of individuals' credit behavior.

    • CIBIL stands for Credit Information Bureau (India) Limited.

    • It provides credit scores and reports to lenders to help them assess the creditworthiness of potential borrowers.

    • CIBIL scores range from 300 to 900, with higher scores indicating better creditworthiness.

    • Lenders use CIBIL reports to make informed decisions o...

  • Answered by AI
  • Q2. What is this pramiry kyc and customer
  • Ans. 

    Primary KYC (Know Your Customer) is the initial process of verifying the identity of a customer before providing financial services.

    • Primary KYC involves collecting basic information such as name, address, date of birth, and identification documents.

    • It is a mandatory process for financial institutions to prevent money laundering and fraud.

    • Customer due diligence is also conducted during primary KYC to assess the risk ass...

  • Answered by AI

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Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed in Aug 2017. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Basic background questions and candidate suitability
  • Q2. To check your business acumen in retail loan segment and your plan of action to achieve the desired results

Interview Preparation Tips

General Tips: Put as much stress as possible on your experience in retail loans and small ticket size secured loans.
Skills: Problem Solving, Leadership, Decision Making Skills
Duration: 1-4 weeks

I applied via Referral and was interviewed in Dec 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. 1.my present job role
  • Ans. 

    I am currently working as a Senior Relationship Manager at XYZ Bank.

    • Managing a portfolio of high net worth clients

    • Providing personalized financial advice and solutions

    • Building and maintaining strong relationships with clients

    • Meeting sales targets and revenue goals

    • Leading a team of Relationship Managers

    • Analyzing market trends and competitor activities

    • Developing and implementing strategies to increase market share

  • Answered by AI
  • Q2. 2.product specific knowledge
  • Q3. Planning for new assignment
  • Ans. 

    Planning for a new assignment

    • Identify the objectives and goals of the new assignment

    • Create a detailed timeline and action plan

    • Allocate resources and assign responsibilities

    • Monitor progress and make necessary adjustments

    • Communicate and collaborate with team members

    • Evaluate the success of the assignment

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be specific about your answer

I applied via Referral and was interviewed before Feb 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Knowledge about team management
  • Q2. About gold loan

Interview Preparation Tips

Interview preparation tips for other job seekers - take some information about company product and specially gold loan

I applied via Naukri.com and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Total 2 round HR and product head

I applied via Company Website and was interviewed in Jun 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. About account

Interview Preparation Tips

Interview preparation tips for other job seekers - On account

I applied via Company Website and was interviewed before Dec 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. What is finance Company
  • Ans. 

    A finance company is a financial institution that provides loans, investments, and other financial services to individuals and businesses.

    • Finance companies specialize in providing loans and credit to customers who may not qualify for traditional bank loans.

    • They may also offer leasing and financing options for businesses to acquire equipment and vehicles.

    • Examples of finance companies include American Express, Capital On...

  • Answered by AI
  • Q2. What is your work in this company
  • Q3. To whom will you give loan on what terms?
  • Ans. 

    I will give loans to individuals and businesses with good credit history and stable income on reasonable terms.

    • I will consider credit score and payment history of the borrower

    • I will also look at the borrower's income and employment stability

    • For businesses, I will consider their financial statements and business plan

    • I will offer reasonable interest rates and repayment terms based on the borrower's creditworthiness

    • I will...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I am properly experienced in this field .

I applied via Recruitment Consultant and was interviewed in Nov 2019. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About My Self , My Last Company Job profile , About Team Management And Working Style etc.

Interview Preparation Tips

Interview preparation tips for other job seekers - I wanna say that if are confident about yourself and about your job role then you can crack any type of interview without any reference or jack.

I applied via Walk-in and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

After Joining confirmation

Round 2 - Common interview 

(1 Question)

  • Q1. Normal credit norms and policy
  • Ans. 

    Normal credit norms and policy refer to the standard guidelines followed by a company while extending credit to its customers.

    • Credit limit is set based on the customer's creditworthiness

    • Payment terms are agreed upon between the company and the customer

    • Late payment fees and interest rates are charged for delayed payments

    • Credit checks are conducted before extending credit to new customers

    • Credit policies are reviewed peri...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good company and attractive salary and incentive.

IIFL Finance Interview FAQs

How many rounds are there in IIFL Finance Branch Credit Manager interview?
IIFL Finance interview process usually has 2 rounds. The most common rounds in the IIFL Finance interview process are Resume Shortlist, One-on-one Round and Aptitude Test.
What are the top questions asked in IIFL Finance Branch Credit Manager interview?

Some of the top questions asked at the IIFL Finance Branch Credit Manager interview -

  1. What is this pramiry kyc and custo...read more
  2. What is this CIBIL in custo...read more
  3. what is loan procurem...read more

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IIFL Finance Branch Credit Manager Interview Process

based on 2 interviews

Interview experience

4.5
  
Good
View more
IIFL Finance Branch Credit Manager Salary
based on 56 salaries
₹1.8 L/yr - ₹6.9 L/yr
39% less than the average Branch Credit Manager Salary in India
View more details

IIFL Finance Branch Credit Manager Reviews and Ratings

based on 28 reviews

3.8/5

Rating in categories

3.9

Skill development

3.5

Work-life balance

3.7

Salary

3.8

Job security

3.4

Company culture

3.7

Promotions

3.5

Work satisfaction

Explore 28 Reviews and Ratings
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