How do I start a Career in Loan Processing?

There are many nuances of a Career in Loan Processing. For me understanding Why I want to choose a Career in Loan Processing is phenomenally more important than figuring out How to get into Loan Processing. It had been a while since I was researching about a Career in Loan Processing, when I came across:

Siddhartha Ranadive's perspective!

Siddhartha Ranadive has 7 years & 8 months of professional experience in Loan Processing. Siddhartha Ranadive has worked in Loan Processing as Junior Officer in Janata Sahakari Bank. In Siddhartha Ranadive's own words, this is how Siddhartha Ranadive got into Loan Processing: "After completing my education, I did certifications courses from NCFM (National Stock Exchange Certification in Financial Markets) and Indian Institute of Banking in Capital Market and Loan Monitoring respectively. I started my professional career with eClerx as an Analyst and I am working with Janata Sahakari Bank as a Junior Officer."

Career Video on Loan Processing

In a video, Siddhartha Ranadive has talked about various aspects of a Career in Loan Processing. Siddhartha Ranadive started by explaining Loan Processing as: "Loan processing is an entire sequence of steps, from the time a loan application is received (or a loan offer is accepted) to the time loan is closed, the loan proceeds are disbursed, and the aggregate amount (principal plus interest) is placed on the lender's books as an asset." The video gave me so much food for thought.

It was a welcome change to see the video touch upon Education as theoretical knowledge needed to excel at Loan Processing, and not merely as Qualifications needed to enter Loan Processing. Siddhartha Ranadive touches upon these in the Education section of the Video:
  • Current Affairs
  • Domain Knowledge
  • Accounting
This Career demands specific Skills which only an experienced professional can lay out.
Siddhartha Ranadive then explains why these Skills are essential for a Career in Loan Processing:
  • Team Management
  • Extempore
  • Time Management
  • Analytical Skills
  • Communication Skills
It is important to get an understanding of the Positives of this Career.
Siddhartha Ranadive believes that the following are some of the Positives of a Career in Loan Processing:
  • Monetary Benefits
  • Secured Job
  • Respect
There are a few Challenges in this Career which one needs to be cognizant of.
And, Siddhartha Ranadive believes that one needs to prepare for following Challenges of a Career in Loan Processing:
  • Competition
  • Compliance Audits

In the final section of the video Siddhartha Ranadive talks about How a day goes in a Career in Loan Processing. This video is by far the best video on a Career in Loan Processing, that I have ever come across. To see the full Talk, one needs to install the LifePage Career Talks App. Here is a direct deep link of the Video:

Career Counseling 2.0

This video on a Career in Loan Processing was an eye opener and it got me very interested to learn more about the LifePage platform. LifePage has the most comprehensive Career List. LifePage is the world’s most evolved Career Platform. You can use LifePage to find your Career Objective. LifePage also offers the most comprehensive Career Planning process. You can use LifePage to explore more than a thousand Career Options. LifePage has the most exhaustive Career List. It is truly Career Counseling 2.0 LifePage is Career Counseling 2.0 - while most platforms continue to use age old psychometric tests to identify hidden skills and interests of individuals. LifePage has turned the tables completely with an Awareness based approach. Read about them on:

Similar Career List on LifePage

I continued with my research on LifePage and thoroughly studied these links to gain more perspective:

Information about other Career Options

Internet has so many incredible articles about so many Career options, have a look at these:

Interesting Career Articles

The App that will help you find which Career is best for youThe App that will help you find which Career is best for you
What’s Next – After Boards?What’s Next – After Boards?
How and Why of choosing a CareerHow and Why of choosing a Career
Unemployability in India – problem hiding in plain sightUnemployability in India – problem hiding in plain sight
Mission IIT JEE – India’s biggest tragedy!Mission IIT JEE – India’s biggest tragedy!

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