In this module you will get an overview of what policy in general means and will learn about Credit Policy which specifies the rules under which a credit decision is taken i.e. whether to give a loan or not and will cover various key elements that makes a good Credit Policy. You will also understand how Risk and Regulation impact Policy.
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Credit Policy
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Customer Risk profile, Receipt of applicant, Complete review of documents, Pre sanction work, Bureau check
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Deviations, Determining the amount of credit, Surrogates, Preparation of Credit Approval Memo
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Sanction, Sanction letter, Submission of documents by Customer, Disbursement, Ratios used by lending institution
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Reading Material
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Quiz