Is it easy to give loans or is it easy to collect monthly EMI ?

Question

Accepted Answer

It is easier to give loans than to collect monthly EMI.

Giving loans involves assessing the borrower's creditworthiness and approving the loan.
Collecting monthly EMI requires consistent follow-up and monitoring of payments.
Borrowers may default on their payments, leading to additional efforts for collection.
Examples of challenges in collecting EMI include late payments, non-payments, and loan restructuring.
Efficient loan origination processes can help minimize risks in giving loans.

Accepted Answer

100% above Business Targets:
Operations- will not get Incentive 
Sales- will get Good Incentive

Sales every time month in month or Quarterly R& R will come

Accepted Answer

We will give notice 1: 2: 3 final sold with presence..

Accepted Answer

Yes.... EMI loan will com regularly security Gold we have..

Accepted Answer

Lending is not an easy task

Accepted Answer

Both are equally difficult. If we give loan to good/right customer then customer will repay his/her EMI promptly.

Top Sub-K IMPACT Solutions Branch Manager interview questions & answers