How to become a credit or Loans officer
Official title: Credit/Loans officer
Also called: Bank loans officer, Commercial lender, Consumer banking credit control executive, Corporate banking credit control executive, Credit and loans officer, Credit officer, Loan processor, Loans officer, Credit and Lending Operations Analyst, Bank loans officer, Commercial lender
Credit/Loans officer analyses and evaluates financial information on applications for credit and loans, and determines or recommends for management approval or disapproval of credit and/or loans. He/she ensures complete transactions between loan organisations, borrowers and sellers.
Main tasks
- Interviewing applicants for personal, mortgage, student and business loans
- Researching and evaluating loan applicant’s financial status, references, credit and ability to repay the loan
- Submitting credit and loan applications to management with recommendations for approval or rejection or approving or rejecting applications within authorised limits ensuring that credit standards of the institution are respected
- Keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
- Completing credit and loan documentation
Pay · Outlook · AI and this job
- Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
Related jobs
- Assistant accountant
- Audit associate professional
- Tax associate professional
- Appraiser/Valuer (excluding intangible asset valuer)
- Assessor
- Intangible asset valuer
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Questions people ask
Will AI change the work of a credit or Loans officer?
Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
Sources
- International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026
Updated 4 October 2026