Aflish services private limited jobs for Loan Processor in Delhi. Last Date to apply: 24 Oct 2025
Loan Processor
Job Description
Key Responsibilities
1. Reviewing Loan Applications
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Receive loan applications from customers or loan officers and check them for completeness and accuracy.
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Ensure all necessary supporting documents are collected, such as:
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Identity proof (Aadhar, PAN, Passport)
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Address proof
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Income proof (salary slips, IT returns, bank statements)
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Property documents (for secured loans)
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Business documents (for commercial loans)
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Identify missing information and coordinate with customers or sales teams to collect pending documents.
2. Verification & Validation
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Verify the authenticity of submitted documents through in-house systems or third-party verification agencies.
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Check CIBIL scores, credit history, and repayment capacity of applicants.
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Validate employment details, income sources, and financial statements for accuracy.
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Ensure that all provided data complies with company policies and regulatory guidelines.
3. Coordination with Stakeholders
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Act as a liaison between loan officers, underwriters, customers, and credit analysts.
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Work closely with the sales team to resolve application-related issues quickly.
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Communicate regularly with customers to update them on the status of their loan applications.
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Coordinate with legal and valuation teams for property verification in case of secured loans.
4. Preparing Loan Files for Underwriting
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Organize all loan-related documents into a complete, structured loan file.
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Prepare summaries of loan applications highlighting key details like:
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Loan amount requested
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Collateral details (if applicable)
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Repayment capacity
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Risk analysis
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Ensure the loan file meets the company’s internal compliance and credit policies before submitting it to the underwriter.
5. Monitoring Loan Application Status
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Track loan files at every stage of processing and underwriting.
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Provide timely updates to customers about approvals, queries, or additional requirements.
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Follow up with internal departments to ensure faster turnaround times (TATs).
6. Compliance & Regulatory Adherence
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Ensure loan processing follows RBI, SEBI, and company-specific guidelines.
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Maintain strict confidentiality of customer data and documents.
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Keep up to date with changes in banking regulations, lending policies, and credit norms.
7. Resolving Customer Queries
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Address applicant concerns regarding eligibility, documentation, and loan timelines.
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Explain loan terms, repayment schedules, interest rates, and applicable charges in detail.
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Build positive customer relationships by ensuring a smooth loan application process.
8. Reporting & Documentation
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Maintain accurate and up-to-date records of all loan applications.
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Prepare daily, weekly, and monthly reports on loan processing, approvals, and rejections.
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Share reports with branch managers, credit managers, and senior leadership for review.
Required Skills & Competencies
1. Core Skills
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Excellent attention to detail for reviewing applications and verifying documents.
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Strong organizational and time management skills to handle multiple applications simultaneously.
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Effective communication skills to interact with customers and internal teams.
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Good analytical and problem-solving skills to evaluate creditworthiness.
2. Technical Skills
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Knowledge of loan processing systems (LPS), CRM tools, and core banking software.
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Familiarity with financial statements, credit reports, and underwriting criteria.
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Understanding of MS Office tools, especially Excel for data management and reporting.
3. Behavioral Skills
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Patience and persistence when handling incomplete or delayed applications.
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Ability to work under pressure and meet tight deadlines.
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Strong sense of integrity and professionalism when dealing with sensitive customer information.
More information about this Loan Processor Job
Please go through the below FAQs to get all answers related to the given Loan Processor job
- What are the job requirements to apply for this Loan Processor job position?
- Ans: A candidate must have a minimum of 06 Months to 3+ year experience as an Loan Processor
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: 10th Pass (SSC)
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Loan Processor is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Loan Processor position?
- Ans: There are immediate 1 job openings for Loan Processor in our Organisation.
