CREDIT REVIEW /RECOMMENDATION
Credit analysis or recommendation is the procedure through which one determines a potential borrower’s creditworthiness, i.e., their capacity and the likelihood of repaying principal and interest commitments.
The borrower, also known as the debtor, might be an individual or a business organization; retail (or personal) lending refers to lending to individuals, while commercial lending refers to financing to businesses.
At ICRA, we function as an outsourced agency for various financial institutions by reviewing, processing, and offering impartial credit rrecommendationsfor loan requests, enabling these institutions to make more informed judgments.
In order to measure and efficiently price risk, ICRA applies a number of qualitative and quantitative approaches for risk assessment while conducting credit analysis.
WHAT ARE THE
BENEFITS AND USAGES?
Ease for
suppliers and lenders
With ICRA’s Credit Recommendation, Suppliers and Lenders would easily review the prospective client’s financial background as we will do the due diligence in reviewing the client’s financial activity.
minimise
THE RISK OF LOSS
The comprehensive recommendation report gives an overview of the company’s financial capacity. It clarifies how much exposure one company can afford to take to avoid losing out.
BETTER
DECISION-MAKING
The credit recommendation gives a projection of how much risk the company may be able to take. It helps the decision maker have a better judgment as it comes with comprehensive analysis and reports.
Improve
financial planning
Credit recommendations can help individuals and businesses plan for their financial future. By providing an objective assessment of creditworthiness, credit recommendations can help individuals and businesses make better decisions about how to manage their finances and plan for their financial future.
Improve
credit risk management
Credit Recommendation can help companies better manage their credit risk by providing more accurate and timely credit decisions. This can help companies reduce their risk of default and improve their overall credit portfolio.
Increase
revenue
Credit Recommendation can help companies increase their revenue by providing more accurate and timely credit decisions. This can help companies increase their customer base and increase their sales.
Get Credit Recommendation Report