Sarvagram Fincare Branch Credit Officer Interview Questions and Answers

Focus on financial management topic

In which our knowledge put as per situation

Q1. Previous year skills and salary
Ans. 
The candidate should discuss their skills and salary from the previous year.
• Discuss the relevant skills acquired in the previous year.

• Mention any certifications or training completed.

• Highlight achievements or projects completed.

• Discuss the salary range from the previous year.

• Explain any salary increments or bonuses received.
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Q1. Skills and knowledge of product
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Q2. Grip on work and product also team handles
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Q1. Tell me about your experience
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Giving loans after doing complete case study, income analysis and finding income deviation after looking at business income and if I am in sales then I know the complete study

Q1. About your self
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Q2. Why you want to change job
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Q3. What's your hobbies
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Q4. Weakness and strength
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Q5. Your notice period
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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. Not asking for everyone
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Q2. Based on situation only, would be take car upto 12 Months repayment customer
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Working capital gap? Can explain in detail

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 ...read more
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Q2. What is Mortgage or unsecured loan
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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...read more
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Q1. Not interested to explain
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Q2. Not interested to explain now
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