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ADMINISTRATION OF LOAN : - Coggle Diagram
ADMINISTRATION OF LOAN :
INTRODUCTION
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Credit Control can be defined as the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time.
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Policy
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Lending Policy
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The policy establishes the authorities, norms, and structure for managing its loan portfolio.
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Credit Granting Criteria
Banking institutions must operate under sound, well-defined credit-granting criteria
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