TVS Credit Operations Manager Interview Questions and Answers

Money is collected from lenders through various methods such as direct debit, wire transfer, or check.

• Direct debit is a common method where the lender authorizes the borrower to withdraw funds from their account on a regular basis.

• Wire transfer is another option where the lender can transfer funds directly to the borrower's account.

• Checks can also be used, but may take longer to process and clear.

• It's important to esta...read more

I follow up with lenders through regular communication and by providing timely updates on loan applications.

• Regularly communicate with lenders to keep them updated on loan applications

• Provide timely updates on loan applications to lenders

• Respond promptly to any inquiries or requests from lenders

• Maintain a professional and courteous relationship with lenders

• Ensure all necessary documentation is provided to lenders in a

Funding a customer involves assessing their creditworthiness and providing them with financial resources to meet their needs.

• Assess the customer's creditworthiness through credit checks and financial analysis

• Determine the appropriate funding option based on the customer's needs and financial situation

• Provide the customer with the necessary financial resources, such as loans or credit lines

• Monitor the customer's repayme...read more

Customer's funding intention can be judged by analyzing their financial history, business plan, and credit score.

• Analyze customer's financial history to see if they have a good track record of repaying loans

• Evaluate the customer's business plan to see if it is feasible and has potential for growth

• Check the customer's credit score to determine their creditworthiness

• Assess the customer's debt-to-income ratio to see if th...read more

A mortgage loan is a type of loan used to finance the purchase of real estate, where the property itself serves as collateral for the loan.

• A mortgage loan is a secured loan, meaning that the borrower pledges the property as collateral to the lender.

• It is typically used by individuals or businesses to purchase residential or commercial properties.

• The loan amount is determined based on the value of the property and the b...read more

Lap and housing loans are types of loans provided by banks for purchasing or constructing a house or property.

• LAP stands for Loan Against Property and is a type of secured loan where the borrower pledges their property as collateral.

• Housing loan is a type of loan provided by banks for purchasing or constructing a house or property.

• Both loans have different interest rates, repayment tenures, and eligibility criteria.

• LAP...read more