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1. Verification. When the papers are received for verification ensure that the essential documents to be completed by outreach has been done. If so, proceed further.
Personal Verification
* Verify the address of the residence and business, resolve/comment in case of discrepancies.
* At residential address verify the status of tenancy or ownership.
Character Verification
* Character and credibility check both from residence and business through neighbors.
* Supplier telephonic verification (If any)
* Verify the guarantors’ information such as relationship with the customer, income, expense, addresses and character etc.
* Verify Co-borrower’s income, expense and character (If any)
2. Credit Assessment. Carry out credit assessment/ review to establish the credit worthiness of the applicant covering following areas:
House Hold Assessment
* House hold Income detail
* House hold expense detail
* Calculation of effective repayment capacity
Business Assessment
* Business expense
* Purchases
* Sales
* Net Profit
* Loan Purpose
* Business Information
* Suppliers Name and credibility of supplies/provisions.
Good knowledge of MS Office
Good Communication Skills
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