Spinny Disbursement Officer Interview Questions and Answers

The process of lending involves evaluating the creditworthiness of borrowers and determining the terms and conditions of the loan.

• Assessing the creditworthiness of borrowers by reviewing their credit history, income, and financial statements

• Analyzing the borrower's ability to repay the loan by considering their debt-to-income ratio and cash flow

• Determining the loan amount, interest rate, and repayment period based on t...read more

Risks involved in lending include credit risk, interest rate risk, and operational risk.

• Credit risk: the risk of borrowers defaulting on their loans

• Interest rate risk: the risk of interest rates changing and affecting loan repayments

• Operational risk: the risk of errors or fraud in the lending process

• Other risks: such as liquidity risk, market risk, and regulatory risk

Handling of risks involves identifying, assessing, and mitigating potential risks to minimize financial losses.

• Identify potential risks by analyzing credit reports, financial statements, and market trends.

• Assess the likelihood and impact of each risk to prioritize mitigation efforts.

• Implement risk mitigation strategies such as setting credit limits, requiring collateral, or adjusting payment terms.

• Regularly monitor and...read more