Skills reqiured for loan processor?

16 Loan Processor Skills to become Good at your Job

1. Understanding Mortgage Loan Operations. Loan processors must understand th
2. Proper Time Management. The ability to manage time efficiently is part of the loan
3. Technical Skills. Loan processors need this skill to be able to use Word, Excel, Po
4. Math Skills. Loan processors with good knowledge of mathematics know their way
5. Writing Skills. Writing is one of the various means of communication and should be
6. Decision Making. Loan processors should be able to make right decisions at the ri
7. Critical Thinking. Critical thinking skill is most needed in making decisions. How lo
8. Speaking Skills. Loan processors talk to many people before the end of the day. T
9. Reading Skills. Before loan processors can understand written statements and doc
10. Goal Setting Skills. Loan processors should be able to set goals for the company
11. Leadership Skills. Loan processors should be willing to lead or take charge of ce
12. Organizational Skills. Loan processors collect data from various sources and han
13. Problem Solving Skills. There are some problems that require immediate evalua
14. Negotiation Skills. This skill helps loan processors to bring people together and r
15. English Language Skills. Loan processors should know the structure and conten
16. Attention to Detail. Loan processors should give full attention to their job, being a

what document are required for processing a loan?

Photo Identity Proof (any one) Voter ID Card / Passpo
Residence Address Proof (any one) Ration Card / Passport
Income Proof Last 3 months Payslip
Job Continuity Proof Job Offer Letter / Lette
Financial Documents a. Salaried Individuals
b. Self Employed Indiv
Photo 1 passport size color p
Application Form Personal Loan Applica

What is a syndicated bank loan?

A syndicated loan, also known as a syndicated bank facility, is finan
who work together to provide funds for a single borrower. The borrower

what is loan syndication and its process?

Stage 1
The first stage of the loan syndication process is the pre-mandate s
Stage 2
The next stage involves the lender placing the loan and disburseme
Stage 3
The final stage is the post-closure stage which involves monitoring t
Where was the Headquarters of the syndicated bank located
Syndicate Bank was one of the oldest and major commercial bank
The bank, along with 13 major commercial banks of India, was nationalise

When did the bank came into existence?

Syndicate Bank was one of the oldest and major commercial bank
The bank, along with 13 major commercial banks of India, was nationalise

What was its initial name?

In1925

- The Bank was founded at the temple town of Udupi on October 20

Canara Industrial and Banking Syndicate Limited.

What are the functions of RBI?

Functions of RBI
1. Monetary Authority: The main function of RBI is formulating implementing the monetary p
2. Regulator and supervisor of the financial system: RBI sets the rules and regulations under w
3. Manager of Foreign Exchange: In India, all foreign currency flow must be done as per FEMA
4. Issuer of Currency: It is in the responsibility of the RBI to print and issue new currency note
5. Regulator and Supervisor of Payment and Settlement Systems:In India, all payments must b
6. Banker to Government: Like retail and commercial banks gives service to common public, R
7. Banker to Banks: All Banks in India maintains an account with the RBI. They keep their statu

What is Bank Rate?

 Bank Rate is a discount rate at which the commercial banks and the
 Bank rate was used as a Monetary Policy Key Rate through which RBI con

What is CRR, SLR and Repo rate?

CRR Means the certain percentage which bank should maintain with central bank for liquidity
SLR means the certain percentage which bank should maintain by itself. It can be in the form
what is bilatel loan?
A Bilateral Loan is a kind of loan that involves a single borrower and

what is loan grading

Loan grading is a classification system that involves assign
What is Cashier's cheque?
 How to analyze credit?
steps during the info colln stage Collecting info abt the applicant
collecting info abt the business for which a loan is required
collecting info abt the recovery process
collecting info abt the security
steps during infi analysis stage Analyzing the accuracy of info
Analyzing the financial ability of thr applicant
Analyzing the effectiveness of the process
analyzing the posibility of loan repayment

depending on the analysis, the analyst

identifies and measures the credit risk
associated with a loan application and
determines whether the level of risk inherent
Decision making stage is acceptable or not.
If the analyst is satisfied that the risk is acceptable a
what is the cost of debt?
Cost of debt is the total amount of interest that a company pays ove

Types of card based payments?

 bank cards, ATM cards, client cards, key cards or cash cards . There are a number of t

What do you mean by Loan Maturity and Yield?

The date on which the principal amount of a loa
Yield is commonly referred as the dividend, interest or return the
For example, any investment for $10,000 at interest rate of 4.25

Entries
IN the books of borrower
bank loan recd journal Entry?
bank Ac…..Dr
To loan Ac

Bank loan repayment journal?

Loan Ac…Dr
int on loan Ac…Dr
Bank Ac

Loan int payable?

Int exp Ac….Dr
 Loan Ac

IHS markit
IHS Markit plays a central role in the syndicated loan market, providing a powerful platform so

Clearpar
ClearPar provides a complete electronic trade processing ecosystem used to settle syndicated
Used by buyers, sellers, agent banks, custodians and legal professionals, our platform automa
 rocessors must understand the in and out of mortgage loan operations, policies, guidelines, underwriting and procedures in mu
me efficiently is part of the loan processor’s duty. Loan processors should be able to manage their time and that of other people
e able to use Word, Excel, PowerPoint, Word Access, Word Office, Microsoft Outlook, Encompass, Internet Explorer, and Caly
f mathematics know their way around arithmetic, algebra, statistics, geometry, calculus, and their applications. These are neces
communication and should be possessed by any loan processor who wants to meet the needs of his or her audience. Sometim
make right decisions at the right time. They need to consider relative costs and benefits of all the actions coming to their mind
d in making decisions. How loan processors approach and tackle problems matters a lot in this profession. They need to analyz
e before the end of the day. They need skills to be able to convey information effectively, and to avoid a situation of careless an
nd written statements and documents, they need reading skills. They need to use accuracy when they read, and not repeating
e to set goals for the company they work for and endeavor to achieve set goals without compromising ethical obligations to the
g to lead or take charge of certain situations. There are circumstances that may require their opinions and direction. With skills
from various sources and handle more than one loan application at once. With great organizational skills, they will be able to lo
that require immediate evaluation and development. Loan processors should be able to point out complicated issues and review
to bring people together and reconcile their differences. This is a very effective means of interacting well with people around the
know the structure and content of English language, including the meaning and spelling of words, grammar and rules of compo
l attention to their job, being absolutely careful about detail. They need to thoroughly complete work tasks, so as to avoid confu

Voter ID Card / Passport / PAN Card / Driving License / Aadhaar Card.

Ration Card / Passport / Utility Bill.
Last 3 months Payslip & Bank Statement of last 3 months.
Job Offer Letter / Letter from the HRD (if current employment less than 2 years).
a. Salaried Individuals: Latest 3 month's Salary Slips and Form 16, Bank Statements of 6 months.
b. Self Employed Individuals: Latest 1 year bank statement for both savings and current account.
1 passport size color photograph
Personal Loan Application Form duly filled.

ed bank facility, is financing offered by a group of lenders—referred to as a syndicate —

borrower. The borrower can be a corporation, a large project, or a sovereign government

ss is the pre-mandate stage which is initiated by the borrower. The stage involves the borrower eithe

he loan and disbursement. The lead lender initiates selling the loan at the marketplace for which it w

ch involves monitoring through an escrow account. Escrow account is nothing but the account in wh
major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman S
s of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the univers

major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman S
s of India, was nationalised on 19 July 1969, by the government of India

of Udupi on October 20, as

implementing the monetory policy , regulationg and supervisiong of financial system , i

g implementing the monetary policies of India. Creating and balance between “Price stability” and “future economic growth” is the main
he rules and regulations under which Indian banks and financial system must operate. The idea is to run the banks and financial system so
flow must be done as per FEMA (Foreign Exchange Management Act). It is the RBI who ensures that transactions happens as per FEMA. T
int and issue new currency notes in India. It is also the RBI’s responsibility to exchange old or damaged notes for new ones. This way RBI c
ms:In India, all payments must be settles as per PSS Act, 2007 (Payment and Settlement Systems Act). It is the RBI who ensures that trans
ives service to common public, RBI is the retail bank for the Government of India (GOI). RBI also acts as a merchant banker for the GOI. Re
ith the RBI. They keep their statutory reserves and other deposits in this account. Hence, this way RBI also functions as banker to the bank

mmercial banks and the financial institutions borrows loan from the central bank.
ate through which RBI controlled the liquidity and inflation and which directly affected the Commercial Bank

ain with central bank for liquidity. It should be in the form of cash and cannot earn int on that amt
n by itself. It can be in the form of cash or Either gold or any sec's. And they can earn int on slr. Slr stands for…....

s a single borrower and a single lender. The lenders are usually banks or any other financial institutio

that involves assigning a quality score to a loan based on a borrower's credit history, qu
risk is acceptable and is convinced that the loan will be repaid, he/she prepa

hat a company pays over the full term of a loan.

cards . There are a number of types of payment cards, the most common being credit cards, debit cards, charge cards, and prep

l amount of a loan becomes due and payable is known as ‘Loan Matur

d, interest or return the investor receives from a security like stock or bond, interest on fix depo
at interest rate of 4.25%, will give you a yield of $425

In the Books of Lender

When loan is given by lender?

Borrower loan Ac….Dr
Bank Ac…..

When Lender Recd int form borrower?

Bank Ac…...Dr
Int on Loan Recdable Ac
providing a powerful platform solution for the settlement of US, European and Asia-Pacific syndicated loan trades

system used to settle syndicated loan trades.

ofessionals, our platform automates affirmation, confirmation and matching to facilitate straight through processing (STP) for loan trades.
 riting and procedures in multiple departments.
me and that of other people for effective outcome.
Internet Explorer, and Calyx effectively.
pplications. These are necessary for solving certain problems, such as calculating credit scores.
is or her audience. Sometimes, this is more effective than oral communication.
ctions coming to their mind so as to choose the most appropriate one.
ession. They need to analyze issues properly before making a decision.
oid a situation of careless and wrong use of words.
hey read, and not repeating one word several times.
ng ethical obligations to the customer or client involved.
ns and direction. With skills in leadership, they can easily know how to correct or inspire their team of workers.
skills, they will be able to locate a datum without disorganizing the rest.
mplicated issues and review related information for implementation of possible solutions.
well with people around them.
ammar and rules of composition.
tasks, so as to avoid confusing circumstances by the end of the day.

ements of 6 months.
and current account.

ndicate — farmer and landlord

ves the borrower either liaison with a single lender or inviting competitor bids from multiple lenders. T

ketplace for which it will prepare an information memorandum, term sheet, and a legal documentatio

but the account in which the borrower will deposit the revenue. It’s the agent’s responsibility to ensu
M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canar
quartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.

M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canar

of financial system , issuer of currency , act as a central bank , regulator and supervisor of payem
conomic growth” is the main challenge of RBI as a monetary authority. Read more on  monetary authority role of RBI
banks and financial system so efficiently that public trust on the system is maintained. When people feel confident about the financial sys
ctions happens as per FEMA. The bigger role of RBI is in ensuring that external trade happens in a seamless manner. Whether, the trader is
s for new ones. This way RBI can manage the availability of enough “good quality cash” needed in the market at a given point in time. Here
he RBI who ensures that transactions happens as per PSS. In India there are several payments systems like ECS, Credit Card, Debit Card, RT
rchant banker for the GOI. Read more about role of  RBI as Banker to GOI.
unctions as banker to the banks. It is RBI’s responsibility to ensure inter-bank transactions. RBI can also lend money to banks as a special ca

d the Commercial Banks Lending Rates

ther financial institution

r's credit history, quality of the collateral, and the likelihood of repayment of the principa
id, he/she prepares and submits a recommendation to the appropriate loan

ards, charge cards, and prepaid cards.

as ‘Loan Maturity’. .
d, interest on fix deposit etc.
ocessing (STP) for loan trades.
of workers.

rom multiple lenders. The borrower has to mandate to the lead bank. After the lead lender has been

a legal documentation. The lead bank will then approach other banks for participation. Once the loa

responsibility to ensure that the repayment of loan is the top priority and the payment is done befor
 was known as Canara Industrial and Banking Syndicate Limited.
rged into Canara Bank.

was known as Canara Industrial and Banking Syndicate Limited.

d supervisor of payement and settlement system

nfident about the financial system, it’s a win for RBI. How RBI ensures public confidence? By ensuring that the depositors money is safe wi
manner. Whether, the trader is a resident Indian or a foreign national, they must be able to deal in foreign exchange in an easy and transpa
t at a given point in time. Here, “cash” means both notes and coins. Read more about  RBI’s role as issuer of currency.
CS, Credit Card, Debit Card, RTGS, NEFT, IMPS and UPI. All these payments system are covered by PSS Act, 2007. The overall objective of R

money to banks as a special case. Read more about role of  RBI as Banker to Banks.

ment of the principal and interest

appropriate loan
 lead lender has been chosen, they will start the appraisal process. The lead bank will see to the nee

cipation. Once the loan contract is finalized, the loan amount is disbursed.

payment is done before making payments to any other parties. In the post-closure stage, it’s the job
e depositors money is safe with the banks, and all banking & financial functions are operating seamlessly as per rules. Read more on  how
change in an easy and transparent manner. Read more about  Foreign Exchange Management by RBI.

007. The overall objective of RBI is to provide fast, safe and efficient payment system for the public. Efficient payment flows is one of the m
ank will see to the needs of the borrower and will design a loan structure for the borrower and devel

ure stage, it’s the job of the agent to manage the operating and running of the loan facility on a regu
per rules. Read more on  how RBI manages financial system.

payment flows is one of the main confidence booster of the public in the Indian financial system.  Read more here.
e borrower and develop a credit proposal.

loan facility on a regular basis.