AIB Fundamentals of Consumer Lending
This course is also available in the Self-Paced format.
Course Code: 7018
Length: 5 Weeks
Audience: This course is designed for aAny bank personnel with little or no experience in consumer lending.
Description: Fundamentals of Consumer Lending covers the basics of consumer credit including terminology, categories of credit, credit worthiness. Students will learn the applications process and the actions required to ensure bank compliance with regulations. By the end of the course, students should have a higher comfort level with consumer credit and feel an increase in credibility when interacting with clients who apply for consumer credit.
Objectives: After successfully completing this program, you will be able to:
- Describe consumer credit basics including examples of consumer credit, the consumer credit operations of a bank, and the credit application process
- Define basic categories of consumer credit and terminology
- Explain how banks make money from loans including which rate types banks use, which factors determine loan pricing, and which loan cost categories affect loan profitability
- Describe the credit evaluation and decision-making systems, namely the five C's of Credit and credit scoring
- Summarize the impact of bank regulations upon the credit application process
Text Book: There is no textbook for this course. All reading materials are posted online.
Recommended Course Credits: AIB: 0.5; ICB: 7.25 (CLBB); CEU: 0.5
Prerequisites: None
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.