Spandana Sphoorty Financial Senior Credit Officer 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. Question about Previous company experience
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Q2. Salary expectation
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Q1. Introduction previous job experiences
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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
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Q2. Question about banking sector and finance
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Basic maths and common science exam

Q1. Inroduce urself
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Q2. What is loan procurement
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Loan procurement is the process of obtaining a loan from a financial institution or lender.
• Involves submitting an application for a loan

• Includes providing necessary documentation such as income verification and credit history

• May require meeting certain eligibility criteria set by the lender

• Can involve negotiating loan terms and interest rates

• Examples: applying for a mortgage, car loan, or personal loan
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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. About Ratio Analysis specifically DSCR , Leverage , Quasi equity
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Q2. About product knowledge and industry knowledge
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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
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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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