Sales Executive

In this job, employees manage loans given to a group of people instead of a single person.

Common companies in this sector include Bandhan Bank, L&T Finance, Fusion Finance, and Spandana Sphoorty.

Main Work in a Group Loan Job

1. Creating Women's Groups

• Employees visit villages or local areas.

• They form groups of 5–10 members, usually women.

• The group members support each other for loan repayment.

2. Loan Verification

• Check customer identity and documents.

• Verify income source and address.

• Ensure the customer can repay the loan.

3. Loan Collection

• Collect weekly or monthly EMI payments from group members.

• Maintain records of payments and pending dues.

4. Customer Meetings

• Conduct regular group meetings.

• Explain loan rules and repayment schedules.

• Build trust with customers.

5. Target Achievement

• Increase loan disbursement.

• Maintain good repayment performance.

• Achieve monthly collection targets.

Skills Required

• Good communication skills

• Basic computer/mobile app knowledge

• Ability to travel locally

• Confidence in talking to customers

• Collection and recovery handling

Salary Range in India

• Fresher: ₹12,000 – ₹18,000 per month

• Experienced staff: ₹20,000 – ₹35,000+ per month

• Extra benefits may include:

  • Petrol allowance

  • Incentives

  • Mobile allowance

  • PF & insurance

Job Positions in Group Loan Sector

• Center Manager

• Relationship Officer

• Field Officer

• Credit Officer

• Recovery Executive

• Branch Manager

Advantages

• Easy entry for freshers

• Fast promotion opportunities

• Incentives based on performance

• Banking and finance career growth

Challenges

• Fieldwork and traveling

• Pressure of collection targets

• Daily customer meetings

• Handling overdue customers

• It is a Full Time Field Sales job for candidates with 0 - 6 months of experience.