Loan Executive

Vehicle Loans Executive, also known as an Auto Loan Officer or Vehicle Finance Specialist, is responsible for guiding customers through the process of financing the purchase of a vehicle ( Use car, commercial vehicle,  etc.). This role involves a mix of sales, customer service, and financial analysis to secure loan approvals and meet sales targets.  Core Responsibilities Lead Generation & Sales: Actively source new customers for vehicle loans through various channels, including field visits, cold calling, and establishing relationships with car dealerships and agents. Client Consultation: Meet with applicants to understand their financing needs, explain different loan options and terms, interest rates, and eligibility criteria. Application Processing & Documentation: Guide customers through the application process, which includes collecting and verifying necessary documents such as KYC (Know Your Customer) information, income proof, and vehicle quotations. Financial & Credit Analysis: Analyse applicants' financial status and creditworthiness to determine loan eligibility and assess the risk involved in lending. Loan Coordination & Disbursement: Coordinate with internal credit, risk, and operations teams to facilitate loan approval and timely disbursement of funds. Compliance & Reporting: Ensure all loan applications and processes comply with company policies, relevant financial regulations (e.g., RBI norms in India), and legal requirements. Relationship Management: Build and maintain strong relationships with clients and dealership partners to ensure a seamless experience and drive repeat business and referrals. Target Achievement: Strive to achieve and exceed monthly and quarterly sales targets and business growth goals.  Key Skills and Qualifications Education: A high school diploma or equivalent is required, but a bachelor's degree in Finance, Business Administration, or a related field is often preferred. Experience: Prior experience in sales, especially in vehicle finance, retail lending, or the automotive industry, is highly desirable. Skills: Excellent communication and interpersonal skills. Strong sales, negotiation, and customer service abilities. Analytical and problem-solving skills to evaluate financial data. Strong attention to detail and ability to work under pressure to meet deadlines. Knowledge of vehicle finance regulations and loan processing software/CRM tools. Other Requirements: A valid driver's license and willingness to travel locally for field visits and meetings with clients/dealers are often mandatory.