A Propose Office Procedure in Lending Company Financial Assistance Loan at Novaliches Branch, Quezon City

Vol.3, No.1B

Abstract

When someone allows another person to borrow money, property, or another asset, it is called "financing." The lending company or financial institution is the entity responsible for providing these loans. Giving someone access to something with the intention of eventually returning it is called lending. The lender is the person who manages the financial services. Nowadays, people borrow money for personal reasons or to increase business profits. Lending companies offer benefits such as savings and insurance for their clients. Loan analysis is an evaluation process determining whether loans are feasible and whether borrowers can repay them. This process gives the creditor an idea of the loan's safety by predicting the borrower's probability of paying back the principal and interest. The researchers conducted interviews and surveys to improve the lending operation of Bestloan Credit Corporation. They proposed several procedures to enhance loan applications, improve office procedures, and increase the company's security. The researchers also suggest that Bestloan Credit Corporation should increase its workforce and improve its facilities to create a better work environment.