Loan Application Process Quiz

Who decides on the client's loan application?

• Credit Analyst

• Loan Processor

• Account Officer

• Account Manager

What happens if the CI/BI process is validated?

• CI/BI is discontinued and loan application is rejected

• Loan application is approved

• Loan application is put on hold

• Client is notified of the approval

What is the purpose of the Cash Flow Analysis?

• To prepare the CI/BI report

• To finalize the loan application

• To determine the maximum loan entitlement

• To assess the client's credit score

What is the final step in the CI/BI process?

• Loan approval

• Client consultation

• Prepare / Finalize CI/BI Report

• Repayment Capacity Analysis

What does CI/BI stand for in the context of loan applications?

• Client Information / Business Information

• Credit Investigation / Borrower Investigation

• Client Inquiry / Business Inquiry

• Credit Information / Borrower Information

What is the outcome if the loan application is rejected?

• The client is referred to another bank

• The loan application process is terminated

• The client is given a second chance

• The client can reapply immediately

What does the Account Officer analyze to determine loan entitlement?

• Loan interest rates

• Market trends

• Client's repayment capacity

• Client's credit history

What is the first step in the loan application process?

• Prepare CI/BI Report

• Account Officer review

• Client submission of application

• Cash Flow Analysis

What is the role of the Account Officer in the loan application process?

• To manage client relationships

• To conduct market research

• To decide on the loan application

• To collect client documents

What does the CI/BI process involve?

• Repayment scheduling and follow-up

• Loan disbursement and monitoring

• Credit and Borrower Information validation

• Client assessment and loan approval