Education and Career Forum

How to prepare for the post of credit underwriter { fresher }, for hdfc bank ltd?
interview preparation for the post of credit underwriter

Here are some tips to prepare for the interview of Credit Underwriter at HDFC Bank:


• Understand the role and responsibilities of a Credit Underwriter. Key requirements include analyzing loan applications, verifying credit and income, assessing risk, making decisions on loan approval and declination, ensuring compliance with lending policies, etc. Be familiar with the underwriting process.
• Know HDFC Bank's underwriting guidelines for retail loans, personal loans, home loans, auto loans, etc. Study their eligibility criteria, income requirements, LTV limits, debt ratios, etc. You need to have in-depth knowledge of their policies and benchmarking standards.
• Be well versed with credit evaluation tools like CIBIL score, credit reports, application forms, income documents, property valuation, collateral appraisal, etc. Discuss how underwriters utilize these tools to evaluate applications objectively.
• Understand different underwriting methods - manual, automated and hybrid. Describe the pros and cons of each method and how HDFC Bank adopts them. Discuss trends in digital/AI technologies and their impact on underwriting.
• Revise concepts related to credit, finance, income, debt, assets, liabilities, ratios, defaults, repossessions, etc. Prepare examples to explain and discuss them.
• Have examples from real or simulated applications to showcase how you would evaluate them, verify details, determine eligibility and make an underwriting decision while adhering to policies. Discuss any risks or merits.
• Prepare questions to ask the interviewer about challenges in the role, learning opportunities, growth prospects, career path, important KPIs, impact of your work, etc. This will demonstrate your interest and thoughtfulness.
• Practice your soft skills like communication, analytical thinking, decision making, negotiation, etc. Discuss conflict management if dealing with declined applications.
• Stay updated with developments in the banking industry, new products, regulations, technologies and their influence on credit underwriting practices. Your knowledge should be current and forward-looking.
• You can take online courses on credit evaluation, underwriting, lending procedures, etc. This additional learning will make you a stronger candidate.
• Research HDFC Bank and its history, vision, mission, targets, achievements, etc. Be ready to highlight why you find it an attractive workplace and how you can contribute to its goals.