Becoming a Credit or Loans Officer
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Becoming a Credit or Loans Officer

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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 $1,166
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

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