Loan Consultant Education and Job Requirements

Loan Consultant Requirements

A loan consultant is faced with the challenging task of verifying the credentials of prospective loan customers for a bank while keeping in mind the interests of the bank as well as the customer. Certain skills are desirable for this job including the ability to pitch forth good loan plans and the skill of gauging customers.

Education requirements:

  • A loan consultant must possess a graduation or post graduation degree in a related field like economics or accountancy. He must be aware of the current fiscal systems of his country or state like rates of interest etc.
  • A candidate must also have cleared any specific banking exams that is operational in a particular bank for which he will act as the consultant or any such mandatory related exam.

Job requirements:

  • A candidate must be equipped with the ability to deal with customers on a daily basis. He must have the experience and the acumen to judge fraudulent cases from genuine ones.
  • He must have a varied idea of the kind of loans his organization is willing to extend to customers. He must have all details like rates of interest, monthly payments and other schemes at the tip of his fingers.
  • A loan consultant must also be able to reassure his customers and allay their anxieties. He must extend all help to them and behave in a civilized and courteous manner as ultimately, people are dependent on him for important needs.

These are some of the requirements of a loan consultant.

Category: Banking Education Requirements

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  1. Banking Education Requirements | Education Requirements | August 4, 2011

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