Loan Officer Aptitude Test Assessment

Candidates Assessed

12537+

Organizations Served

112+

Our loan officer test enables recruiters and hiring managers to hire job-fit candidate within a short period & take unbiased decision. This test is useful for hiring loan officer and helps to reduce hiring cost by 40%.

About Loan Officer Aptitude Test Assessment

Loan officers will study the proposals submitted for loans and decide whether to accept them or to reject them. They need to understand accounting and finance in order to study financial statements.

They must be good communicators since they regularly interact with clients.

They need to be fully aware of all the services offered by the bank as well as all the Governmental regulations.

KEY SKILLS REQUIRED: 

  • STRONG COMPREHENSION SKILLS - Verbal Reasoning
  • COMMUNICATION - Verbal Ability
  • STRONG NUMERIC ABILITY - Quantitative Aptitude
  • ANALYTICAL ABILTY - Quantitative Aptitude
  • FINANCE AND ACCOUNTING KNOWLEDGE
  • CRITICAL THINKING - Logical Reasoning

Are you a jobseeker looking to sharpen your skills?

Test Summary

VERBAL ABILITY  

Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English. 

VERBAL REASONING 

Reading comprehension indicates ability to comprehend and reason with the concepts in 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 reasoning and inductive reasoning which contribute to Critical thinking ability. 

ABSTRACT REASONING 

Abstract reasoning will indicate the ability to think clearly, 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 MCQ's (Multiple Choice Questions), MAQ's (Multiple Answer Questions), Fill in the Blank, Descriptive, Whiteboard Questions, Audio / Video Questions, True or False.

Test Duration: 20 minutes

No. of Questions: 20

Level of Expertise: Entry/Mid/Expert

Useful for hiring

  • Loan Officer

Topics Covered


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Accounting Fundamental

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

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Financial Management

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

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Numerical Reasoning

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

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Excel 2016

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

Sample Questions

Choose from our 100,000+ question library or add your own questions to make powerful custom tests

Question types:

Multiple Option

Topic:

Corporate Finance

Difficulty:

Medium


Q 1. Harry extracted the following information from the financial statements of a company. What will be the degree of financial leverage in this scenario?

Financial Statement in tabular format
 1.6
 1.5
 2
 1.25

Question types:

Multiple Option

Topic:

HLOOKUP

Difficulty:

Medium


Q 2. Manuel wrote the following complex combined formulas. Identify the output of the following formula based on the 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
36
52
43
0

Sample Report

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Skill wise performance report by iMocha

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Trusted By

Pedro Furtado, Capacity Manager, Altran-Portugal
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“Finding quality talent is a challenge more so when you consider the sheer number of resumes we get each year. To top this, the time we spent on our recruitment process was humongous. iMocha helped us to cut down on our candidate filtration time by 40 %, making it our preferred assessment tool.”

Pedro Furtado, Capacity Manager, Altran-Portugal

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