Responsibilities

• Research and evaluate the financial status of the person applying for a loan.
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• Evaluate the credit value by processing the loan applications and documents within particular limits.
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• Interview the loan applicants to determine their financial eligibility and prepare the feasibility report for granting loans.
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• Determine all applicable metrics and ratios and set up debt payment plans.
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• Communicate with the clients to provide information and to forward their loan requests.
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• Approve loans for eligible applicants and reject the ones who are not eligible. Justify the approvals/rejection decisions by filing reports about the same.
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• Complete loan agreements and counsel clients on limitations and policies.
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• Have an excellent understanding of the different types of loans and other financial services.
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• Maintain and update loan files and accounts records.