InCred Finance Interview Questions and Answers

Q1. Personal information
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Q2. Credit assessment information
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Q1. What is your CTC
Ans. 
CTC, or Cost to Company, includes all components of salary and benefits offered by the employer.
• CTC includes basic salary, allowances, bonuses, and benefits.

• For example, if my basic salary is $50,000, and allowances are $10,000, my CTC would be $60,000.

• It's important to consider both fixed and variable components in CTC.

• For instance, if I have performance bonuses that can add up to $5,000, that would be part of my CTC.
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Q2. What is your experience
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I have over 7 years of experience in credit management, focusing on risk assessment and loan approval processes.
• Managed a portfolio of over 200 clients, ensuring timely payments and minimizing defaults.

• Implemented a new credit scoring model that improved approval rates by 15%.

• Conducted thorough risk assessments, leading to a 20% reduction in loan delinquencies.

• Collaborated with sales teams to align credit policies with...read more
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Q1. Locators in selenium
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Locators in Selenium are used to identify web elements on a web page for automation testing purposes.
• Locators include ID, Name, Class Name, Tag Name, Link Text, Partial Link Text, CSS Selector, and XPath.

• ID is the most efficient locator as it is unique for each element.

• XPath is powerful but slower as it traverses the entire DOM.

• CSS Selector is faster than XPath and can be used for complex selections.

• Example: driver.fin...read more
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Q2. All selenium basic questions
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General java coding not much

Q1. What is the process for producing LAP (Liquid Applied Polymeric) products?
Ans. 
LAP products are created through a precise formulation and application process involving polymers and solvents.
• 1. Formulation: Combine liquid polymers with additives for desired properties.

• 2. Mixing: Use high-shear mixers to ensure uniform dispersion of components.

• 3. Application: Apply using spray, brush, or roller techniques depending on the surface.

• 4. Curing: Allow the product to cure, which can involve heat or ambie...read more
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Q2. What is the process for checking legal and technical reports?
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The process involves verifying legal compliance and technical accuracy through thorough analysis and consultation with experts.
• Review legal documents for compliance with regulations, e.g., checking loan agreements against local laws.

• Assess technical reports for accuracy, e.g., evaluating property appraisals or environmental assessments.

• Consult with legal advisors to clarify any ambiguous terms or conditions in contract...read more
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Q1. If you have any method to trace the customer in the collection then please tell me
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Utilizing various methods to trace customers in collections enhances recovery rates and improves communication.
• Use skip tracing techniques to locate customers, such as searching public records or social media.

• Leverage credit reporting agencies to find updated contact information.

• Implement data analytics to identify patterns in customer behavior and payment history.

• Engage with third-party tracing services that specializ...read more
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Q2. Y expectation of your company....
Ans. 
I expect a collaborative environment that fosters growth, innovation, and a commitment to excellence in collection management.
• A supportive team culture that encourages open communication and sharing of ideas.

• Opportunities for professional development, such as workshops and training sessions.

• A focus on leveraging technology to enhance collection processes, like using data analytics for better decision-making.

• Recognition...read more
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Q3. Y expectation of your company ......
Ans. 
I expect a collaborative environment that fosters growth, innovation, and a commitment to excellence in collections management.
• A focus on teamwork: I believe collaboration leads to better decision-making and problem-solving.

• Opportunities for professional development: I expect access to training and resources to enhance my skills.

• Clear communication: Regular updates and feedback are essential for aligning goals and expe...read more
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