Loan Officer-Rural Banking

Ujjivan Financial Services Pvt. Ltd. is looking for Loan Officer-Rural Banking to join our dynamic team and embark on a rewarding career journey

• As a Loan Officer in Rural Banking, your primary role is to work with individuals, farmers, and businesses in rural areas to help them secure loans and other financial services
• Your responsibilities will involve evaluating loan applications, assessing creditworthiness, and determining the risk associated with each loan request

Here's a breakdown of some key tasks you may perform in this role:

• Customer Interaction: You will meet with prospective borrowers to discuss their financial needs, explain available loan options, and guide them through the loan application process
• Building strong relationships with customers is essential for understanding their financial situations and tailoring suitable loan solutions
• Loan Application Evaluation: You will review loan applications and collect necessary financial documents from applicants
• This involves analyzing credit scores, income statements, bank statements, collateral, and other relevant information to determine the applicant's ability to repay the loan
• Risk Assessment: As a Loan Officer, you'll need to assess the risk associated with each loan application
• Understanding the local economy, industry-specific challenges, and the borrower's financial history in rural areas will be crucial in making informed lending decisions
• Loan Structuring: Based on the borrower's financial profile and the bank's lending policies, you will determine the appropriate loan structure, including the loan amount, interest rate, repayment term, and any required collateral
• Regulatory Compliance: Rural banking, like any financial sector, has specific regulations that must be adhered to
• You'll need to stay up-to-date with the relevant laws and regulations and ensure all loan activities are in compliance
• Documentation and Processing: Prepare and review loan documents, ensuring that all necessary paperwork is accurate and complete
• This includes legal agreements, contracts, and any other documentation required for loan disbursement