Loan Committee
Updated on 2023-08-29T11:57:13.538367Z
A loan committee is the management committee of a loaning institution, or a bank that generally comprises higher-level officers having management authority.
The loan committee examines financial statements as well as credit information of the applicant to ensure compliance with the lending policy and statutory obligations of the bank. Moreover, the loan committee makes certain that the loan undergoes the standard lending policy of the institution.