Add office photos
Filter interviews by
Sakal Money Credit Associate Interview Questions and Answers
Sakal Money Credit Associate Interview Experiences
1 interview found
Anonymous
Interview Questionnaire
5 Questions
- Q1. Personal introduction, last job experience,Detail about Credit process, how to calculate ABB, Cibil related questions, How to calculate FOIR for loan eligibility, How to check Bank statement.
- Q2. How to calculate ABB
- Ans.
ABB is calculated by dividing the average daily balance by the number of days in the billing cycle.
Determine the average daily balance for the billing cycle
Divide the average daily balance by the number of days in the billing cycle
Example: If the average daily balance is $1,000 and the billing cycle is 30 days, ABB would be $33.33
- Q3. How to calculate FOIR for loan eligibility
- Ans.
FOIR is calculated by dividing the total fixed obligations by the net monthly income of the borrower.
Fixed obligations include existing loan EMIs, credit card bills, and other monthly expenses.
FOIR should not exceed 50-60% for most lenders.
For example, if a borrower has fixed obligations of Rs. 30,000 per month and a net monthly income of Rs. 60,000, the FOIR would be 50%.
FOIR is an important factor in determining loan
- Q4. How to check Bank statement.
- Ans.
To check bank statement, log in to your online banking account or visit the bank branch and request a printed statement.
Log in to your online banking account and navigate to the section for viewing statements
Select the desired statement period and download or print the statement
Visit the bank branch and request a printed statement by providing your account details and identification
Check for any discrepancies or errors
- Q5. Cibil related questions
Interview Preparation Tips
Experience: Personal introduction, ,Detail about Credit process, meaning of DPD, Settled Loans, Written Off , Overdue, How to check Cheque bounces in Bank statement , Loan EMi
Top trending discussions
Interview questions from similar companies
saikiran Thotapally
Selected
I was interviewed in Dec 2024.
(2 Questions)
- Q1. Do you know about CIBIL
- Q2. What are the documents required for salaries persona
akshay nagdeve
Selected
I applied via Referral and was interviewed in Sep 2024. There were 2 interview rounds.
Verbal and novarbal questions
(2 Questions)
- Q1. About your self?
- Q2. Tell about your previous experience?
Interview Preparation Tips
- Previous experience
Sathish Thala
They ask about credit analysis
Selected
I applied via Walk-in and was interviewed before Dec 2023. There was 1 interview round.
(2 Questions)
- Q1. Why should we hire you?
- Ans.
I have a strong background in credit analysis and risk assessment, with a proven track record of making sound lending decisions.
I have X years of experience in credit analysis and risk assessment.
I have a proven track record of making sound lending decisions.
I am detail-oriented and have strong analytical skills.
I am familiar with industry regulations and compliance standards.
I have excellent communication and interper...
- Q2. Why do you think your growth will be here?
- Ans.
I believe my growth will be here due to my strong work ethic, dedication to learning, and ability to adapt to new challenges.
I have a proven track record of exceeding targets and taking on additional responsibilities in my previous roles.
I am constantly seeking out opportunities for professional development and further education to enhance my skills.
I am adaptable and thrive in fast-paced environments, which will allow
I applied via Referral
(3 Questions)
- Q1. Tell me about past experience.
- Ans.
I have 5 years of experience as a Credit Controller in a multinational company.
Managed a portfolio of 200+ clients and ensured timely collection of payments.
Implemented credit control procedures to minimize bad debt and improve cash flow.
Negotiated payment terms with clients and resolved any billing disputes.
Generated monthly reports on outstanding debts and aging analysis.
Collaborated with sales and customer service t...
- Q2. How do you work on the debt for the company.
- Ans.
I work on the debt for the company by implementing effective credit control strategies and processes.
I analyze the company's outstanding debts and identify areas of improvement.
I establish and maintain strong relationships with customers to ensure timely payment of invoices.
I negotiate payment plans and settlements with customers who are facing financial difficulties.
I monitor and track payment trends to identify poten...
- Q3. About Reconciliation, unallocated funds, unapplied cash
Interview Preparation Tips
I applied via Referral and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Q2. What are your strengths and weaknesses
Interview Preparation Tips
Jana Anand
(1 Question)
- Q1. Tell me about your school and college exposure
- Ans. This is to check our communication skill
(1 Question)
- Q1. How does a bank analyse the creditworthiness of a company
- Ans.
Banks analyze the creditworthiness of a company by assessing its financial statements, credit history, industry trends, and management team.
Evaluate financial statements to assess profitability, liquidity, and leverage ratios
Review credit history and payment patterns to determine past credit behavior
Analyze industry trends and economic conditions to assess the company's competitive position
Assess the management team's ...
Interview Preparation Tips
VISHVA
Selected
I applied via Company Website and was interviewed in Feb 2024. There were 3 interview rounds.
Its an Assessment where they actually ask domain questions, MS - Excel, Email skills and general aptitude
Interview is my 2nd round
(1 Question)
- Q1. Here they will ask you family background and some basic process questions for name sake. If you already done your interview well then dont fear .If you want to prove you more just answer well and confident...
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed before Mar 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What is OTC and its functions
- Ans.
OTC stands for Over-The-Counter and refers to the trading of financial instruments directly between two parties without the involvement of an exchange.
OTC trading is done through a dealer network rather than a centralized exchange
OTC markets are less regulated than exchange-traded markets
OTC markets include trading of stocks, bonds, derivatives, and currencies
OTC trading allows for greater flexibility in terms of contr...
- Q2. Ageing bucket means and characteristics
- Ans.
Ageing bucket refers to the categorization of overdue debts based on the number of days they have been outstanding.
Ageing bucket is used to track the payment status of accounts receivable.
It helps in identifying the accounts that are overdue and need immediate attention.
The buckets are usually categorized as 0-30 days, 31-60 days, 61-90 days, and 90+ days.
The longer the debt remains unpaid, the higher the risk of defau...
Interview Preparation Tips
Sakal Money Interview FAQs
Tell us how to improve this page.
Interview Questions for Popular Designations
- Credit Executive Interview Questions
- Credit Manager Interview Questions
- Credit Officer Interview Questions
- Credit Controller Interview Questions
- Branch Credit Manager Interview Questions
- Credit Analyst Interview Questions
- Credit Rating Analyst Interview Questions
- Credit Risk Analyst Interview Questions
- Show more
Interview Questions from Similar Companies
TCS
Accenture
Wipro
Cognizant
- Home >
- Interviews >
- Sakal Money Interview Questions >
- Sakal Money Credit Associate Interview Questions
