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.

More about this Sales Executive job

Please go through the FAQs to get all answers related to the given Sales Executive job

What skills and experience do you need for this Sales Executive job?

Ans : To apply for this Sales Executive job, candidates should have skills like Lead Generation, Wiring, Area Knowledge along with 0-1 years of experience.

What salary is offered for this Sales Executive job?

Ans : The salary for this Sales Executive job ranges between ₹19,500-₹40,000 per month.

What is the work schedule for this Sales Executive job?

Ans : This Sales Executive job has 6 days working days and timings from 06:00 AM - 06:00 PM.

Do you need to visit the office for this job?

Ans : Yes, candidates need to visit the office and work from the location in Sahjanwa, Gorakhpur.

How many vacancies are there for this Sales Executive job?

Ans : There are 15 vacancies for this Sales Executive role.

Is this job open for all genders?

Ans : Yes, this Sales Executive job is open for both male and female candidates.

What does the role of Sales Executive involve?

Ans : As a Sales Executive, your work will involve skills like Lead Generation, Wiring, Area Knowledge. This role is part of Field Sales category.

What is the job location for this position?

Ans : The job location for this Sales Executive position is Sahjanwa, Gorakhpur.

Who is the right fit for this Sales Executive job?

Ans : A candidate having skills like Lead Generation, Wiring, Area Knowledge with 0-1 years of experience is the right fit for this Sales Executive job.

What makes this Sales Executive job a good opportunity?

Ans : This Sales Executive job is a good opportunity as it offers a salary between ₹19,500-₹40,000 per month. This is a Full Time job and has 15 openings.

Candidates can call HR for more info.