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Poonawalla Fincorp Credit Processing Associate Interview Questions and Answers

Updated 31 Jul 2024

Poonawalla Fincorp Credit Processing Associate Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Question about Previous company experience
  • Q2. Salary expectation
Round 2 - One-on-one 

(2 Questions)

  • Q1. Introduction previous job experiences
  • Ans. 

    I have experience working in various roles in the financial industry, including as a credit analyst and loan processor.

    • Worked as a credit analyst at XYZ Bank, analyzing credit reports and financial statements

    • Processed loan applications and conducted risk assessments at ABC Credit Union

    • Collaborated with underwriters and loan officers to ensure timely and accurate processing of loan applications

  • Answered by AI
  • Q2. Question about banking sector and finance

Interview Preparation Tips

Interview preparation tips for other job seekers - Good experience

Interview questions from similar companies

I applied via Walk-in and was interviewed in Oct 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. What is mortgage loan
  • Ans. 

    A mortgage loan is a type of loan used to finance the purchase of real estate, where the property itself serves as collateral for the loan.

    • A mortgage loan is a secured loan, meaning that the borrower pledges the property as collateral to the lender.

    • It is typically used by individuals or businesses to purchase residential or commercial properties.

    • The loan amount is determined based on the value of the property and the b...

  • Answered by AI
  • Q2. What is lap and housing loan
  • Ans. 

    Lap and housing loans are types of loans provided by banks for purchasing or constructing a house or property.

    • LAP stands for Loan Against Property and is a type of secured loan where the borrower pledges their property as collateral.

    • Housing loan is a type of loan provided by banks for purchasing or constructing a house or property.

    • Both loans have different interest rates, repayment tenures, and eligibility criteria.

    • LAP...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

I appeared for an interview in Jan 2017.

Interview Questionnaire 

1 Question

  • Q1. About resume, academics etc.

Interview Preparation Tips

Round: Group Discussion
Experience: An abstract topic was given the on which we were supposed to discuss for 15 minutes followed by individual summary of the discussion and a common conclusion.
Tips: Stay confident and cover all the points in conclusion, while keep summary based on your point of view.
Duration: 15 minutes

Round: Stress Interview
Experience: It was more of a stress interview where they were trying to test my patience. They kept asking me stress questions on my resume and qualification background. They were judging my view point and my decision making skills. Overall tempo of the interview was skewed towards the candidate being able to handle the pressure and show his calm and composed side in those moments.
Tips: The tips I would like to give to candidates will be be confident and calm in an interview no matter what. If you don't know something that's totally okay, nobody is judging you for your knowledge only. It is the overall personality and behavior that matters. Last thing and most important thing which I would like to add is be honest about everything that is there.

I appeared for an interview in Mar 2017.

Interview Preparation Tips

Round: Technical + HR Interview
Experience: Great experience. They asked me "why should I select you " and i told them the reason why should they select me.

College Name: Swami vivekananda institute of science & technology

I applied via Recruitment Consulltant and was interviewed before Mar 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Personal interview, one to one interview, online test

Interview Preparation Tips

Interview preparation tips for other job seekers - Attitude test and one to one interview

I applied via Company Website and was interviewed before May 2019. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. How do you collect money from lender?
  • Ans. 

    Money is collected from lenders through various methods such as direct debit, wire transfer, or check.

    • Direct debit is a common method where the lender authorizes the borrower to withdraw funds from their account on a regular basis.

    • Wire transfer is another option where the lender can transfer funds directly to the borrower's account.

    • Checks can also be used, but may take longer to process and clear.

    • It's important to esta...

  • Answered by AI
  • Q2. How do you followup lender?
  • Ans. 

    I follow up with lenders through regular communication and by providing timely updates on loan applications.

    • Regularly communicate with lenders to keep them updated on loan applications

    • Provide timely updates on loan applications to lenders

    • Respond promptly to any inquiries or requests from lenders

    • Maintain a professional and courteous relationship with lenders

    • Ensure all necessary documentation is provided to lenders in a

  • Answered by AI
  • Q3. How do u fund a customer?
  • Ans. 

    Funding a customer involves assessing their creditworthiness and providing them with financial resources to meet their needs.

    • Assess the customer's creditworthiness through credit checks and financial analysis

    • Determine the appropriate funding option based on the customer's needs and financial situation

    • Provide the customer with the necessary financial resources, such as loans or credit lines

    • Monitor the customer's repayme...

  • Answered by AI
  • Q4. How u judge a customer's intenstion for funding?
  • Ans. 

    Customer's funding intention can be judged by analyzing their financial history, business plan, and credit score.

    • Analyze customer's financial history to see if they have a good track record of repaying loans

    • Evaluate the customer's business plan to see if it is feasible and has potential for growth

    • Check the customer's credit score to determine their creditworthiness

    • Assess the customer's debt-to-income ratio to see if th...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Preper for collection after that for funding.

I applied via Walk-in and was interviewed in May 2019. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Intoduce Yourself?
  • Q2. What you know about Muthoot Group?

Interview Preparation Tips

Interview preparation tips for other job seekers - They ask Only Basic Questions in HR Round as well as Manager Round,be confident.Thats all
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Group Discussion 

Topic would be given in a group to discuss and see how an individua stand out

Round 2 - Aptitude Test 

MCQ test to see your sttitude

Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Apr 2022. 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 - Technical 

(5 Questions)

  • Q1. What is margin call?
  • Ans. 

    Margin call is a demand by a broker for an investor to deposit more funds or securities to cover potential losses.

    • Margin call occurs when the value of an investor's margin account falls below the broker's required amount.

    • It is a warning that the investor needs to deposit more funds or securities to avoid the liquidation of their assets.

    • Margin call is common in trading on margin, futures, and options.

    • Example: If an inve...

  • Answered by AI
  • Q2. How will you do business with high pricing(ROI+PF)?
  • Ans. 

    I will focus on building strong relationships and demonstrating the value of our services to justify the high pricing.

    • Emphasize the unique benefits and advantages of our services

    • Provide case studies and success stories to showcase our track record

    • Offer personalized solutions and tailored packages to meet individual needs

    • Maintain open communication and follow-up regularly to ensure satisfaction

    • Continuously seek feedback...

  • Answered by AI
  • Q3. Your latest business figures in previous organization.
  • Ans. 

    I successfully increased business figures by 20% in my previous organization.

    • Increased sales by implementing effective marketing strategies

    • Expanded client base by building strong relationships with existing clients and acquiring new ones

    • Achieved targets consistently by analyzing market trends and adapting business strategies accordingly

  • Answered by AI
  • Q4. What were the products in your last organization?
  • Ans. 

    The products in my last organization were a range of financial services including savings accounts, loans, credit cards, and investment products.

    • Savings accounts

    • Loans

    • Credit cards

    • Investment products

  • Answered by AI
  • Q5. What is your nearby potential area for business?
  • Ans. 

    My nearby potential area for business is the downtown area of the city.

    • The downtown area has a high concentration of businesses and professionals.

    • There are several large corporations and financial institutions located in the downtown area.

    • The area is easily accessible by public transportation and has ample parking options.

    • There are also several popular restaurants and cafes in the area, making it a popular destination ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep the product knowledge and employees who are from banking are preferable
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Dec 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. Past experience only and family members
Round 2 - One-on-one 

(2 Questions)

  • Q1. Past experience job related
  • Q2. Past experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

Poonawalla Fincorp Interview FAQs

How many rounds are there in Poonawalla Fincorp Credit Processing Associate interview?
Poonawalla Fincorp interview process usually has 2 rounds. The most common rounds in the Poonawalla Fincorp interview process are One-on-one Round and HR.

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Poonawalla Fincorp Credit Processing Associate Interview Process

based on 1 interview

Interview experience

4
  
Good
View more

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Poonawalla Fincorp Credit Processing Associate Salary
based on 49 salaries
₹2 L/yr - ₹3.8 L/yr
12% more than the average Credit Processing Associate Salary in India
View more details

Poonawalla Fincorp Credit Processing Associate Reviews and Ratings

based on 9 reviews

3.8/5

Rating in categories

3.1

Skill development

3.6

Work-life balance

3.8

Salary

3.4

Job security

3.1

Company culture

3.3

Promotions

3.0

Work satisfaction

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