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Duties of loan department at bank?

Updated: 9/18/2023
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13y ago

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The duties of the loan department of a bank are:

a. Receive loan applications from customers

b. Process and evaluate loan applications

c. Approve/Reject loans

d. Plan monthly repayments for loans and intimate the customers

e. Receive monthly loan repayments and consolidate them

f. Identify potential loan customers and service them

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