Loan officers offer loans and/or credit services to individuals and businesses. They are responsible for the evaluation and authorization of loans and various forms of credit.
Personal Competencies
• You are good at Maths
• You can make people work under your directions
• You have strong communication skills
• You have good writing skills
Entry Pathway
1. Complete 10 + 2 in any stream (preferably Commerce)
2. Complete a Bachelor's degree (B.Com) in Commerce
OR
Complete a Bachelor's degree followed by a Master's degree (M.Com) in the same or related field
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the Department of Finance/Banking/Business Analysis.
This list of institutes is indicative only.
GOVERNMENT INSTITUTES
1. Indian Institute of Management, Ahmedabad
2. Indian Institute of Management, Bengaluru
3. Indian Institute of Management, Kolkata
4. Indian Institute of Management, Kozhikode
5. Indian Institute of Management, Indore
6. Indian Institute of Management, Lucknow
7. Faculty of Management Studies, University of Delhi, New Delhi
8. Department of Management Studies, Indian Institute of Technology, Chennai
PRIVATE INSTITUTES
(Please check if Institute is affiliated and accredited with UGC before applying)
1. Xavier School of Management, Jamshedpur
2. Management Development Institute (MDI), Gurgaon
3. Jain Institute of Management & Research, Mumbai
4. T A Pai Management Institute, Manipal
5. Great Lakes Institute of Management, Chennai
6. IBS Business School, Hyderabad
7. Goa Institute of Management, Sattari
8. Institute of Management Technology, Ghaziabad
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
*NPTEL- National Programme in Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio - video form.
Fees
The approx. course fee for an MBA ranges between INR 20,000 - 40,00,000*
*These figures are estimated numbers and vary from Institute to Institute,
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government Schemes offered by different departments, UGC/AICTE Schemes and State Schemes.*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class Xl.*
• Scholarships are also available in the Institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with Iow interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Where will you work?
Places of Work: Banks and Financial firms.
Work Environment: It is a desk job. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organisation to organisation.
Opportunities for work exist for differently abled in this field
Expected Growth Path
Loan Officer → Senior Loan Officer → Lead Loan Officer
Expected Income
The approx. salary of a Loan Officer ranges between INR 16,000 - 80,000* or more per month.
Former State Bank of India executive Natarajan Sundar joined The National Assets Reconstruction Company Ltd (NARCL) as Managing Director and CEO on May 30, 2022. Sundar has served SBI for over 37 years and retired as Deputy MD and Chief Credit Officer of the bank on April 30, 2022. He started his career in the bank as a probationary officer in 1985 and joined the Ahmedabad Circle. He has a Master's in Chemistry.*
LOAN OFFICER
NCS Code: NA | BF023• You are good at Maths
• You can make people work under your directions
• You have strong communication skills
• You have good writing skills
1. Complete 10 + 2 in any stream (preferably Commerce)
2. Complete a Bachelor's degree (B.Com) in Commerce
OR
Complete a Bachelor's degree followed by a Master's degree (M.Com) in the same or related field
Please check the duration of the course during enrolment
The course is offered by the Department of Finance/Banking/Business Analysis.
This list of institutes is indicative only.
GOVERNMENT INSTITUTES
1. Indian Institute of Management, Ahmedabad
2. Indian Institute of Management, Bengaluru
3. Indian Institute of Management, Kolkata
4. Indian Institute of Management, Kozhikode
5. Indian Institute of Management, Indore
6. Indian Institute of Management, Lucknow
7. Faculty of Management Studies, University of Delhi, New Delhi
8. Department of Management Studies, Indian Institute of Technology, Chennai
PRIVATE INSTITUTES
(Please check if Institute is affiliated and accredited with UGC before applying)
1. Xavier School of Management, Jamshedpur
2. Management Development Institute (MDI), Gurgaon
3. Jain Institute of Management & Research, Mumbai
4. T A Pai Management Institute, Manipal
5. Great Lakes Institute of Management, Chennai
6. IBS Business School, Hyderabad
7. Goa Institute of Management, Sattari
8. Institute of Management Technology, Ghaziabad
Information on Institute rankings is available at -https://www.nirfindia.org/Rankings/2023/Ranking.html
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
*NPTEL- National Programme in Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio - video form.
The approx. course fee for an MBA ranges between INR 20,000 - 40,00,000*
*These figures are estimated numbers and vary from Institute to Institute,
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government Schemes offered by different departments, UGC/AICTE Schemes and State Schemes.*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class Xl.*
• Scholarships are also available in the Institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with Iow interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Places of Work: Banks and Financial firms.
Work Environment: It is a desk job. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organisation to organisation.
Opportunities for work exist for differently abled in this field
Loan Officer → Senior Loan Officer → Lead Loan Officer
The approx. salary of a Loan Officer ranges between INR 16,000 - 80,000* or more per month.
Source: https://www.payscale.com/research/IN/Job=senior_Credit_Officer/Salary
Experts from the field
Former State Bank of India executive Natarajan Sundar joined The National Assets Reconstruction Company Ltd (NARCL) as Managing Director and CEO on May 30, 2022. Sundar has served SBI for over 37 years and retired as Deputy MD and Chief Credit Officer of the bank on April 30, 2022. He started his career in the bank as a probationary officer in 1985 and joined the Ahmedabad Circle. He has a Master's in Chemistry.*
Source: https://www.narcl.co.in/about-us/
*The above information is for training purposes only and will not be used for any commercial/gains
credit processing officer, loan processing officer, branch credit manager, loan approval officer