Lending Fundamentals and Consumer Credit Assessment

Name: Lending Fundamentals and Consumer Credit Assessment
Rating: 4.0 (88 reviews)

A comprehensive guide to the principles of Consumer Credit Assessment and Lending Fundamentals

Created byKane Jones

Last updated 8/2018

English

What you'll learn

All students will gain a solid understanding of what banks and lending institutions consider when assessing a application for consumer, or personal, credit
All students will gain an appreciation for what information a bank inputs into a Decision Tool for credit assessment
Students will learn the fundamentals of consumer credit assessment and when to apply them. Specifically, the 3Cs, or 3Ss (Capacity, Character, Collateral & Stability, Serviceability, Security)
The course will provide specific tools to help the student become more adept at assessing applications for credit prudently
Students can take a short quiz at the completion of the tutorial to test their learnings

Course content

1 section • 5 lectures • 46m total length

Introduction5:19
This tutorial provides an introduction to the principles of lending and credit assessment and includes an overview of the 3Cs and 3Ss
Character and Stability7:52
The second tutorial provides deeper insight into what aspects make up Character and Stability when assessing an application for credit
Capacity and Serviceability15:29
A comprehensive review of the importance of assessing a customer's capacity to repay a proposed loan and the detail of analysis required to make a prudent decision
Collateral and Security15:26
This lecture provides insight into what needs to be considered when reviewing your secondary exit and the value of the security offered
Quiz2:07
The course finishes with a short quiz to test the knowledge of credit assessment learned across all tutorials

Requirements

A very basic understanding of finance. No other tools are required

Description

This course provides in-depth information on the principles of lending to individuals and the universal aspects of prudent credit assessment.

Whether you are in the United States, Europe, Asia or Australia the basic structure of sound lending practice is constant and can be compressed into the 3Cs or 3Ss...Character, Capacity and Collateral, or Stability, Serviceability and Security.

These comprehensive tutorials will guide you through the key elements of each "C", or "S", and provide insight into what a credit assessment or bank officer can do to finely tune their loan decisioning skills.

As the regulatory landscape tightens and there is greater focus on banks and financiers to be more responsible lenders, this course will put you ahead of the curve and provide crucial information and what you can do to make prudent credit decisions.

This course is suitable for anyone interested in credit risk, whether they want to bolster their careers or simply have an interest in how banks review their own application for credit.

The tutorial is complete with a short quiz to test the students knowledge of what they have learned during the course.

Who this course is for:

Bank Officers
Those interested in consumer lending for banks and financial institutions
Credit Assessment Officers
General Public interested in how banks and finance companies assess personal, or consumer, credit applications