EXCELLENT PAS AUDITORS TRAINING 2022

abstract. EXCELLENT PAS AUDITORS TRAINING 2022. ON LOAN REFINANCING RESTRUCTURING & EXTENSION.

LOAN REFINANCING. LOAN REFINANCING IS THE PROCESS OF GETTING A NEW LOAN TO LIQUIDATE THE FORMAL ON TOP OF A NEW LOAN.

OUR DIFFERENT MODEL. GIVE A NEW LOAN TO A CLEAR THE OLD LOAN & CONTINUE THE BUISNESS IN THIS CATEGORY FOR A STAFF TO GIVE SUCH LOAN THE CLIENT MUST HAVE EXCEEDED ONE OR MORE STAGES OF LOAN MEANING THE CLIENT IS NOT IN THE FIRST STAGE & MUST HAVE GOOD REPAYMENT RECORD IN THE PREVIOUS STAGES.

OUR DIFFERENT MODEL. IN THIS CATEGORY THE CLIENT MUST HAVE HAD PAID AT LEAST 75% OF THE TOTAL SUM WHICH IS 1/3 OF THE TOTAL SUM CAPITAL AND INTEREST..

OUR DIFFERENT MODEL. E.G A CLIENT TOOK A LOAN OF 200,000 TO PAY 236,000 IN 6 MONTHS FOR US TO DO THIS ON REFINANCING THE BALANCE SUM MUST NOT EXCEED 59,000 WHICH IS ACTUALLY 25% OF THE ENTIRE SUM IF THE BALANCE IS MORE THAN 25% YOU WILL INSIST THE CLIENT SHOULD LOOK FOR MONEY AND REDUCE THE BALANCE SUM TO REACH THAT 25% BEFORE YOU CAN DEAL..

OUR DIFFERENT MODEL. IN THIS CASE THE NEXT STAGE OF LOAN IS GIVING TO THE CLIENT AND WE SUBTRACT THE AMOUNT HE/SHE IS OWING US AND GIVE HER THE BALANCE BUT THE INTEREST IS ON THE COMPLETE LOAN WE APPROVE E.G A CLIENT TOOK 200,000 TO PAY 236,000 AND COULD’NT COMPLETE THE PAYMENT BALANCE 59,000 WE GIVE THE NEXT STAGE MAYBE 300,000 TO PAYBACK 354,000 CAPITAL + INTEREST SUBTRACT 59,000 BALANCE 295,000. THIS IS THE BALANCE SUM OF WE WILL GIVE HER BUT SHE IS TO PAY BACK 354,000..

OUR DIFFERENT MODEL. THE PREVIOUS LOAN HAVE BEEN CLEARED BUT BEFORE WE CAN DO THIS WE MUST HAVE DISCUSE WITH THE CLIENT TO KNOW THE REASON HE/SHE COULD NOT CLEAR THE LOAN & CHECK IF THE REASON IS COGENT ENOUGH. NOTE: IN THIS MODEL YOU DON’T USE UP THE SAVINGS TO CLEAR OOOOOOOO.

OUR DIFFERENT MODEL. IF THE CLIENT HAVE GOOD SAVINGS AND HE/SHE IS HAVING CHALLENGES YOU CAN USE THE SAVINGS & NOTE DON’T CLOSE THE ACCOUNT. IN THIS CASE THE CLIENT WILL PAY BACK THE SVAING TO AT LEAST 15% BEFORE DISBURSEMENT APART OF THAT THE SAVINGS CAN EVEN BE WITHDARWN FROM THE NEW LOAN.

OUR DIFFERENT MODEL. E.G A CLIENT TOOK A LOAN OF 300,000 TO PAY 354,000 AND WS ABLE TO PAY 300,000 BUT NEED A NEW LOAN HE/SHE HAVE A SAVING OF 60,000 WE SIMPLY USE UP THAT SAVINGS AND LEAVE THE BALANCE TO KEEP THE ACCOUNT VALID, THE MANGER WILL INFORM THE CLIENT ON HOW MUCH TO BOOST THE ACCOUNT WITH EVEN IF THE CLIENT CAN’T COMLETE IT WE CAN WITHADRAW PART OF THE LOAN TO FILL THE SAVING..

OUR DIFFERENT MODEL. IN THIS MODEL MAYBE THE LOAN IS STILL FRESH THESE HAVE TO BE A PECULIAR CASE NOT WHEN THE LOAN EXPIRE AFTER DURATION IT MUST BE REPORTED ON TIME. E.G A ROBBERY CASE, ACCIDENT, THEFT, SUDDEN HEALTH ISSUE AND ISSUE FROM DEPENDANT. WE MUST BE SURE THAT WHAT EVER IS THE CHALLENGE HAVE BEEN TAKE CARE OFF..

OUR DIFFERENT MODEL. E.G ON LOAN OF 300,000 TO PAY 354,000 HAVE ONLY PAID 150,000 WE CAN ONLY GIVE INTERVENTION LOAN OF MAXIMUM 200,000 IF THE FORMER LOAN IS WEEKLY INTERVENTION LOAN WILL BE MONTHLY OR IF IT IS MONTHLY INTERVENTION WILL BE WEEKLY.

RESTRUCTURING MODEL. RESTRUCTURING IS THE SAME AS LOAN EXTENSION. THIS IS THE CASE WHERE A CLIENT COULD NOT CLEAR THE LOAN AS AT WHEN DUE. AFTER EXPIRATION OF THE LOAN FEW WEEKS BEFORE EXPIRATION THE MANAGER WILL INVITE THE CLIENT & DISCUSS AFTER WHICH THE EXTENSION FORM WILL BE ADMINISTRED.

RESTRUCTURING MODEL. N.B: THE INTREST WILL START COUNTING THE DAY THE LOAN EXPIRED THE APPROVAL COMES TO GM THROUGH YOUR SENIOR MANAGER. ANY BRANCH THAT HAVE UP TO 5 LOAN ON RESCHEDULE LIST IN A MONTH IS NO LONGER QUALIFIED FOR OPERATION CLEAR YOUR LOAN BONUS. THANK YOU.