Credit or Loans Officer

Also known as Lending Consultant, Loans Consultant, Loans Officer.
Analyses, evaluates and processes credit and loan applications. May work in a call centre.
Training time 6 months - 1 year
Avg. weekly wage $1,374
Employment prospects Strong
Employment size 10,500

What does a Credit or Loans Officer do?

  • analysing information about customers and examining references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
  • contacting financial and credit institutions to obtain information about customers
  • preparing papers setting out conditions of credit and loans, rates of repayment and loan periods, and providing information about customers' standing to financial and credit institutions
  • authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
  • keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
  • answering inquiries concerning credit standing of customers, loan balances and penalties
  • may recommend, approve and arrange mortgages

Related courses

Government-subsidised training is marked with this symbol
Certificate IV in Banking Services
TAFE
Certificate IV in Finance and Mortgage Broking
TAFE
Diploma of Financial Services
TAFE
Certificate IV in Credit Management