SMFG India Credit Interview Questions and Answers

Sourcing files involves identifying potential clients and gathering necessary documents.

• Identify potential clients through referrals, online research, and networking events.

• Gather necessary documents such as financial statements, tax returns, and credit reports.

• Maintain organized records and follow up with clients regularly.

• Utilize technology and software to streamline the sourcing process.

• Collaborate with other t...read more

Yes, I am able to work till late night if required.

• I am comfortable working in shifts

• I have worked in night shifts before

• I am willing to adjust my schedule as per the job requirements

Research is the systematic investigation and study of a subject to discover new information or validate existing knowledge.

• Research involves gathering and analyzing data to gain insights and knowledge.

• It is a systematic and organized process that follows a specific methodology.

• Research can be conducted through various methods such as surveys, experiments, observations, and interviews.

• The purpose of research is to ...read more

Collection refers to the process of recovering payments from customers who have purchased goods or services on credit.

• Collection involves contacting customers who have overdue payments and reminding them to make the payment.

• It may involve negotiating payment plans or settlements with customers.

• Collection can be done through phone calls, emails, letters, or in-person visits.

• The goal of collection is to recover the ...read more

CIBIL is a credit information company that provides credit scores and reports to lenders. DPD stands for Days Past Due, DBT stands for Days Beyond Terms, sub standard refers to loans with high risk of default, Dbr ratio is Debt Burden Ratio, and FOIR ratio is Fixed Obligation to Income Ratio.

• CIBIL is a credit information company that provides credit scores and reports to lenders

• DPD stands for Days Past Due, indica...read more

Yes, I have knowledge of mortgage loans and their processes.

• I understand the different types of mortgage loans such as fixed-rate, adjustable-rate, and government-backed loans.

• I am familiar with the application process, including credit checks, income verification, and property appraisal.

• I know how to calculate mortgage payments and interest rates.

• I am aware of the importance of timely payments and the consequence...read more

Underwriting is the process of assessing the creditworthiness of a customer and determining the terms and conditions for providing finance.

• Underwriting involves evaluating the financial and personal information of a customer to determine their ability to repay a loan.

• The credit manager analyzes factors such as income, credit history, employment stability, and collateral to assess the risk associated with lending t...read more