LendingKart Credit Analyst Interview Questions and Answers

Q1. Brief on kind of work done in earlier job
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Q2. How would to assess a credit proposal?
Ans. 
Assessing a credit proposal involves analyzing the borrower's financial history, creditworthiness, and ability to repay the loan.
• Review the borrower's credit report and score

• Analyze the borrower's income and expenses

• Evaluate the purpose of the loan and the borrower's ability to repay it

• Consider any collateral or guarantors offered by the borrower

• Assess the overall risk of the loan and make a recommendation
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Q1. About overall credit experience
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Q2. Property title and income assessment related
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Q1. Reason for switch
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Seeking new challenges and opportunities for growth in a larger organization.
• Desire for career advancement

• Opportunity to work with a larger team and more complex credit portfolios

• Seeking new challenges and learning opportunities
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Q1. Employee benefits
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Q1. Previous Company Working and Job responsibilities
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I worked at XYZ Company as a Credit Analyst. My responsibilities included assessing creditworthiness, setting credit limits, and managing collections.
• Assessed creditworthiness of new and existing customers

• Set credit limits based on risk assessment

• Managed collections process for overdue accounts
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Q1. Previous organizations Job responsibilities KRA
Ans. 
Managed credit operations, analyzed credit risk, monitored collections, and ensured compliance with credit policies.
• Analyzed credit risk for potential customers

• Monitored collections and followed up on overdue accounts

• Ensured compliance with credit policies and procedures

• Managed credit operations and team of credit analysts
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Q1. How will you assess the customer with low cibil score
Ans. 
Assessing customers with low cibil score involves analyzing their credit history, financial stability, and potential risk factors.
• Review the customer's credit report to understand the reasons for the low CIBIL score

• Assess the customer's current financial situation, including income, expenses, and existing debts

• Consider any extenuating circumstances that may have led to the low CIBIL score, such as medical emergencies o...read more
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Q2. Volume of files handled and approval to login ratio
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The volume of files handled and approval to login ratio is a key metric to assess efficiency and productivity.
• The volume of files handled refers to the number of credit applications or cases processed by the credit manager within a specific time frame.

• Approval to login ratio indicates the percentage of credit applications approved compared to the total number of applications logged in by the credit manager.

• A high volum...read more
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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. WHAT PRODUCT HANDLING BY YOU ?
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Q2. WHAT IS CURRENT CTC ?
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Q3. QUESTIONS ABOUT PRODUCT KNOWLEDGE.
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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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