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Saija Finance
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Saija Finance State Credit Manager Interview Questions and Answers
Saija Finance State Credit Manager Interview Experiences
1 interview found
I applied via Referral and was interviewed in May 2019. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Discussion about last job
- Q2. What is credit
- Ans.
Credit is the ability to borrow money or obtain goods or services before payment, based on the trust that payment will be made in the future.
Credit is a financial arrangement between a lender and a borrower
It allows the borrower to obtain goods or services without immediate payment
The borrower is expected to pay back the borrowed amount with interest
Credit can be in the form of loans, credit cards, or lines of credit
Cr...
- Q3. Importance of credit in finance
- Ans.
Credit is crucial in finance as it enables businesses and individuals to access funds for investments and purchases.
Credit allows businesses to expand operations and invest in new projects
Individuals can use credit to purchase homes, cars, and other big-ticket items
Good credit can lead to lower interest rates and better loan terms
Bad credit can limit access to funds and lead to higher interest rates
Credit scores are us...
- Q4. Relation between credit and compliance
- Ans.
Credit and compliance are closely related as compliance ensures adherence to regulations and credit decisions must comply with these regulations.
Compliance ensures that credit decisions are made within the legal framework
Credit decisions must comply with regulations such as the Fair Credit Reporting Act
Non-compliance can result in legal and financial consequences for the company
Credit managers must ensure compliance wi
Interview Preparation Tips
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Interview questions from similar companies
Branch Credit Manager Interview Questions & Answers
Bajaj Housing Finance
Anonymous
posted on 17 Jun 2020
I applied via Referral and was interviewed in Dec 2019. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. If you have experience interview nathing to asked about your work profile but, they obersving your hounesty and hardworking and how hounest about our work.
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed in Jan 2021. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. All financial questions
Interview Preparation Tips
I applied via Walk-in and was interviewed before May 2021. There were 4 interview rounds.
General Question and Basic maths
(1 Question)
- Q1. About CRIF, About MSME and LAP , About Field Verification and Document verification and Previous Experience Details
(1 Question)
- Q1. Salary and Documents
Interview Preparation Tips
Selected
I applied via LinkedIn and was interviewed in Dec 2022. There was 1 interview round.
(2 Questions)
- Q1. Tell me about credit underwriting
- Ans.
Credit underwriting involves assessing the creditworthiness of borrowers to determine their ability to repay loans.
Credit underwriting is the process of evaluating the financial information of borrowers to determine their creditworthiness.
It involves analyzing factors such as income, credit history, debt-to-income ratio, and collateral.
The goal of credit underwriting is to assess the risk associated with lending money ...
- Q2. What is Mortgage or unsecured loan
- Ans.
A mortgage is a loan secured by real estate property, while an unsecured loan is not backed by collateral.
Mortgage: A loan where the borrower uses their property as collateral.
Unsecured loan: A loan that is not backed by collateral.
Mortgages typically have lower interest rates compared to unsecured loans.
Examples of unsecured loans include personal loans and credit card debt.
If a borrower defaults on a mortgage, the le...
Interview Preparation Tips
Attitude
How to explore ourselves
Mortgage/unsecured loan
Branch Credit Manager Interview Questions & Answers
Midland Microfin Limited
Anonymous
posted on 10 Jan 2025
Selected
I applied via Naukri.com and was interviewed before Jan 2024. There were 2 interview rounds.
(1 Question)
- Q1. Rbi guidelines and about NBFC BANKING ETC
(1 Question)
- Q1. Personal information
Senior Manager Interview Questions & Answers
Midland Microfin Limited
Anonymous
posted on 9 Sep 2024
Selected
I applied via Walk-in and was interviewed in Aug 2024. There was 1 interview round.
(1 Question)
- Q1. Details about achievements and contribution made to all previous organizations!
- Ans.
I have consistently achieved targets and implemented successful strategies in my previous roles.
Implemented a new sales strategy that increased revenue by 20% in my last organization
Led a team that successfully launched a new product, resulting in a 15% increase in market share
Streamlined operations processes, reducing costs by 10% while maintaining quality standards
Interview Preparation Tips
Credit Manager Interview Questions & Answers
India Shelter Finance Corporation
Mintu Jha
posted on 23 Mar 2024
Selected
I applied via Campus Placement and was interviewed before Mar 2023. There were 2 interview rounds.
(1 Question)
- Q1. They asked me about banking structure and process
(1 Question)
- Q1. They ask me previous experience and current position and qualifications
Credit Manager Interview Questions & Answers
Shubham Housing Development Finance
Anonymous
posted on 15 Nov 2021
Interview Questionnaire
3 Questions
- Q1. How to calculate loan eligibility
- Ans.
Loan eligibility can be calculated by considering factors such as income, credit score, and debt-to-income ratio.
Determine the borrower's income and employment stability
Check the borrower's credit score and credit history
Calculate the borrower's debt-to-income ratio
Consider the loan amount and term
Example: A borrower with a high income, good credit score, and low debt-to-income ratio is more likely to be eligible for a
- Q2. How many years of search required
- Ans.
The number of years of experience required for the Credit Manager position depends on the company's policies and the complexity of the job.
The required years of experience may vary depending on the company's size and industry.
The complexity of the job may also affect the required years of experience.
Some companies may require a minimum of 3-5 years of experience, while others may require more.
Experience in credit analy...
- Q3. LTV calculation
Interview Preparation Tips
Give your best
Go through company rate of interest
Profile related knowledge
Branch Credit Manager Interview Questions & Answers
Shubham Housing Development Finance
Anonymous
posted on 11 Aug 2023
Selected
I applied via Approached by Company and was interviewed before Aug 2022. There were 3 interview rounds.
(2 Questions)
- Q1. Works details regarding affordable HL and LAP
- Q2. PD UNDERWRITING DECISION SANCTIONING DISBURSEMENT
(1 Question)
- Q1. Notice and salary CTC
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