CreditAccess Grameen Credit Analyst Interview Questions and Answers

To check the repayment capacity of an applicant, I assess their income, credit history, and financial obligations.

• Evaluate the applicant's income and employment stability

• Review their credit history and credit score

• Assess their existing financial obligations such as loans, mortgages, and credit card debt

• Consider their debt-to-income ratio

• Analyze their repayment track record on previous loans or credit facilities

• Verify t...read more

The loan amount is based on various factors such as credit score, income, collateral, and loan purpose.

• Credit score is a major factor in determining the loan amount.

• Income is also considered to ensure the borrower can repay the loan.

• Collateral can increase the loan amount as it provides security for the lender.

• Loan purpose can also affect the loan amount, such as a mortgage for a house.