Test duration:
20
min
No. of questions:
20
Level of experience:
Entry/Mid/Expert

Loan Officer Test

Our loan officer test enables recruiters and hiring managers to hire a job-fit candidate quickly and make unbiased decisions. This test helps hire loan officers and helps reduce hiring costs by 40%.

A hand holding a bag of money with a large percentage sign in the background
Trusted by 500+ Enterprises

Loan Officer Aptitude Test Assessment

Loan officers will study the loan proposals submitted and decide whether to accept or reject them. They need to understand accounting and finance to learn financial statements. They must be good communicators since they regularly interact with clients.

They must be fully aware of the bank's services and Governmental regulations.

KEY SKILLS REQUIRED:


  • STRONG COMPREHENSION SKILLS - Verbal Reasoning
  • COMMUNICATION - Verbal Ability
  • STRONG NUMERIC ABILITY - Quantitative Aptitude
  • ANALYTICAL ABILITY - Quantitative Aptitude
  • FINANCE AND ACCOUNTING KNOWLEDGE
  • CRITICAL THINKING - Logical Reasoning
Wondering what other skills we have in our World’s Largest Skills Assessment library?
Visit here
How it works

Test Summary

VERBAL ABILITY 

Verbal ability is essential because grammar and vocabulary are prerequisites for good spoken and written English. 

VERBAL REASONING

Reading comprehension indicates the ability to comprehend and reason with the concepts on a written page. 

QUANTITATIVE APTITUDE 

Quantitative ability will indicate analytical thinking and problem-solving ability. 

LOGICAL REASONING 

Logical Reasoning is assessed through  

  • Statement/Conclusion 
  • Cause /Effect and 
  • Statement/Fact questions 

These questions will indicate the quality of deductive and inductive reasoning, contributing to critical thinking ability. 

ABSTRACT REASONING

Abstract reasoning indicates the ability to think, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.


The test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blank, Descriptive, Whiteboard Questions, Audio / Video Questions, True or False

Useful for hiring
  • Loan Officer
Test Duration
20
min
No. of Questions
20
Level of Expertise
Entry/Mid/Expert
Topics Covered
Shuffle

Accounting Fundamental

iMocha’s loan officer test evaluates a candidate’s understanding of accounting fundamentals such as recording, summarizing, analyzing, and reporting financial data.

Numerical Reasoning

Our loan officer aptitude test helps recruiters and hiring managers assess a candidate’s ability to solve numerical problems by interpreting numerical data.
Shuffle

Financial Management

This assessment evaluates a candidate’s ability to manage an organization’s financial activities.
Shuffle

Excel 2016

This assessment evaluates a candidate’s ability to work on Microsoft Excel, which helps to manage and control large amounts of data.
Shuffle

Shuffle

Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Multiple Option
Topics covered
HLOOKUP
Difficulty
Medium

Question:

Manuel is adept at using complex combined formulas. Identify the output of the following formula he wrote based on the given table, with data contained in the range A1: B5. HLOOKUP(44,A2:B5,3) - HLOOKUP(53,A4:B5,2) = ?

Table with section and value column


Options

  • 36
  • 52
  • 43
  • 0
A helicopter view of the employee's progress
Test Report
You can customize this test by

Setting the difficulty level of the test

Choose easy, medium, or tricky questions from our skill libraries to assess candidates of different experience levels.

Combining multiple skills into one test

Add multiple skills in a single test to create an effective assessment and assess multiple skills together.

Adding your own
questions to the test

Add, edit, or bulk upload your coding, MCQ, and whiteboard questions.

Requesting a tailor-made test

Receive a tailored assessment created by our subject matter experts to ensure adequate screening.
FAQ