A comprehensive report must be provided detailing the analysis and justification for approval or rejection of the assigned scenarios (the report must include at least the three items listed below). must be included).
Learn how to apply the 5Cs of credit and credit rating/score information made available to experienced users to realistic customer scenarios to approve or deny loan requests. Since this is an integral part of the bank salesperson’s job description, learners will get their first exercise on the subject here.
As you complete your analysis, consider and rate all six C’s of the lending process and comment on each. In the evaluation:
Analyze your current rating, past ratings, and creditworthiness, and write a description of how this information influences your approval or rejection decision
Calculate the GDS and TDS ratio based on your application. New Loans
Comments on Employment History and Tenure
Shows how this information influences decisions
Analyze your assets, your savings habits, your liabilities, your debt types, their pros and cons, and their impact on the lending process
What you can use as collateral
Other things Can be proposed as collateral
Reasons for providing answers
Career prospects, payment history, savings ability, money management skills, spending habits, borrowing, credit dependence
Criteria for commenting on economic conditions and how they affect employment and lending. Economic terms of the type of loan requested
Approve or reject the loan?
Reason for approval or rejection
When the loan is approved : ACCEPTANCE CONDITIONS Specified credit may be added
Type of credit granted if alternative credit to requested credit is offered
Fixed or Revolving Credits< br >< br>You must set up a savings program
Everything else (e.g. debt consolidation all in one)
IF YOU REJECT THE LOAN – All the alternatives and suggestions we offer to the customer (If denied, please understand that this is a difficult situation for any customer.) Don’t forget)
Save more money
Clean up your credit score
Please try to stay creative and continue to support your customers
What other banking products do you recommend for this customer at this time that are applicable to this situation or customer? .
Transfer products to banks >
Other products (investments, accounts, annuities, credit products)
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