How I can Process a loan proposal mainly on trading in a more correct way?

Question

I am a bank Officer. now in charge of advance department. I prcess the loan proposals in a practised format of the bank. i want to get an updated format for processing loans mainly trade loans amounting from Rs.5,00,000 and above.

Answer 1

I don't believe any bank would make you an officer if you are asking Yahoo Answers this type of question. The bank has rules you must follow and we have no way of knowing them.

Answer 2

I understand you are processing working capital requirements. This working capital requirement esply for traders will be varying and you have to have the exact idea as to the credit period enjoyed by the proposed borrower as well as credit granted by him. This credit period depends from commodity to commodity and therefore there cannot be fixed standards for such gaps. Nevertheless, the experience of the customers trading in the same commodity can be taken as a guidelines. Banks have also defined various accepted levels of credors and debtors.

Answer 3

U R Barking at the wrong Tree. Look in ur own circles and ur own bank. Do not try in Yahoo and most importantly try the Yahoo sugestions in ur bank if u do not want to go to J A I L.

Answer 4

hi dont worry a lot about the formats available in the other financial institutions just do what is expected from you from your bank because you are expected to play with in the stipulated norms and formats hence play with in the limit because all banks are having very good experience and their own formats all the best

Answer 5

There is Rule Based Lending Modules,which are objective.It is in vogue in most of the Banks.

Answer 6

which bank