Mahindra Finance Assistant Credit Manager Interview Questions and Answers

Q1. Working place and location
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Q2. My experience credit team SME
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Q1. My job experience 6 years
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Q2. On time job working
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Q1. May notice period 2 month
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Q2. Dehradun Vikasnagr
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Q1. Technical related questions
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Q2. Product related questions
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Q1. Technical knowledge and job profile related
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Q2. As per process and work experience based
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Q1. Salary expectation
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Q2. It is everyone's job to increase the salary and post of the employees after seeing their hard work
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Q3. Work experience
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Q4. Income analysis
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Q5. How to settle income FOIR
Ans. 
FOIR can be settled by ensuring the borrower's total fixed obligations do not exceed a certain percentage of their income.
• Calculate the borrower's total fixed obligations, including existing loan EMIs, rent, and other fixed expenses.

• Calculate the borrower's income, including salary, rental income, and any other sources of income.

• Divide the total fixed obligations by the borrower's income to get the FOIR.

• Ensure the FOIR...read more
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The work of the credit team is to provide loan after doing income analytics after studying the case and whether EMI can be given to the customer and my work in case study is to find out by doing local inquiry whether the customer is showing fake business or not and in sales, I keep getting to know what is the problem in the case

Q1. About work history
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Q2. About domain knowledge
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Q1. About Salary and others
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Q1. What is your previous work process.
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Q2. What is the maximum limit of loan you deals with.
Ans. 
As a Credit Risk Analyst, I typically deal with loan limits ranging from $10,000 to $1,000,000 depending on the client's creditworthiness.
• Loan limits can vary based on the client's credit score, income, and financial history.

• I have experience analyzing and approving loans ranging from small personal loans to large commercial loans.

• The maximum loan limit I have dealt with is $1,000,000 for a commercial real estate proje...read more
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Q1. What do you know about Shriram Finance
Ans. 
Shriram Finance is a leading non-banking financial company in India, specializing in vehicle financing.
• Established in 1974

• Offers a wide range of financial products including loans for commercial vehicles, passenger vehicles, and construction equipment

• Has a strong presence in rural and semi-urban areas

• Part of the Shriram Group, a prominent conglomerate in India
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Q2. What is your basic understanding of Credit Analyst
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Credit Analyst assesses the creditworthiness of individuals or companies by analyzing financial data and determining the likelihood of repayment.
• Evaluate financial data such as income, assets, debts, and credit history

• Assess risk factors and determine credit ratings

• Make recommendations on credit limits and terms

• Monitor and review credit accounts for potential risks

• Communicate findings and recommendations to management
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