INTRODUCTION TO CREDIT AND CONSUMER LENDING

INTRODUCTION TO CREDIT AND CONSUMER LENDING

 

Tutor: Ms. Mouton

 

STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY

All students of the Academy of Banking Namibia, upon signing their registration forms, commit themselves to abide by the policies and rules of the institution. The core activity of the ABN is learning and in this respect academic honesty and integrity is very important to ensure that learning is valid, reliable and credible. The Academy therefore does not condone any form of academic dishonesty, including plagiarism and cheating on tests and assessments, amongst other such practices. ABN requires students to always do their own assignments and to produce their own academic work, unless given a group assignment.

 

CLASSROOM POLICIES

 

Class Guidelines

·         Students are highly encouraged to ask questions and contribute their insights and observations, as long as they are relevant to the subject matter being discussed.

·         Disruptive students will be asked to leave the room.

·         Restroom needs should be attended to before or after the class, or during breaks between classes. It should not be done during class.

·         Eating, drinking, and smoking are not allowed inside the classroom.

·         Turn off cellular / mobile phones or activate the silent vibration mode to avoid disrupting the class discussion.

·         Laptops and other electronic gadgets are NOT allowed during class discussions.

 

Contact Details and Consultations

·         Regarding consultation, students may get in touch with their tutor using the following email address: pnmushendami@yahoo.com

 

 

 

 

 

 

COURSE INFORMATION

 

Course Code and Title: CCL 1000 –Introduction to Credit and Consumer Lending

Programme:

Contact Hours: 3 hours per week lectures

 

Course Description: This course is structured to equip the student with a background to the credit and consumer lending and to introduce the lending concepts and principles used in credit and business and consumer lending. Consumer lending is a cornerstone of the every economy. Customers need access to credit to purchase goods and services. When goods and services are purchased, jobs are created and the economy grows. This course will provide you with an introduction consumer lending in Namibia by discussing the history of consumer credit, different types of consumer loan and credit criteria. This course will provide you with an introduction consumer lending in Namibia by discussing the history of consumer credit, different types of consumer loan and credit criteria.

 

NQF Level:

 

CREDITS:

 

PREREQUISITES: None

 

Prescribed Text Book

The prescribed textbook for this course Consumer Lending - 7th edition ISBN13: 978-0899826677 by Beck and Consumer Lending, 6th edition Paperback – 2009 by American Bankers Association

 

Learning Outcomes

·         Understanding consumer lending

·         The loan application generating process

·         Consumer loan information sources and the credit verification process

·         How the five C's of credit are used in credit evaluation and decision making

·         Loan documentation

 

 Course Delivery Methods: The course will be offered on full time (FM), Part-time (PM) and Distance (DI) modes.

 

The course will be facilitated through the following learning activities:

1. Presentation of materials in lectures

2. Assigned readings and discussions

 

Assignments

The assessment for this course will be based on continuous assessment and end of semester examination (three-hour paper). The Continuous Assessment (CA) mark is comprised of two assignments and contributes 50% to the Final Mark. Minimum pass requirement for this course: 5

Course Schedule

 

Topics

 

Chapter1: Introduction and Meaning of credit

·         Nature of credit

·         Types of credits

·         Credit History and Profile 

·         Consumer lending

·         Credit scoring and Cs of lending

 

Chapter 2: Conceptual framework and terminology:

·         Outline

·         Types of loans

·         Debt and how to recover bad debt

·         Loan repayment schedule 

 

 Chapter 4: Introduction and Meanings

·         Credit checks and origination

·         Loan application process and agreements

·         Impaired credits, Bad credit and cost of debt

·         Debts to income ratio

Chapter 5: Credit and assessment process

·         Importance of up to date financial information

·         9 Cs of credit

·         Loan application

·         Loan purposes

·         Underwriting

 

IMPORTANT DATES:

NOTE: The following dates are subject to change based on the needs of the students at the lecturer’s prerogative. Students will be notified ahead of time of any changes.

 

Date

Important Information

 

 

 

 

 

Assignment

 

 

 

 

COURSE POLICIES

General Academic Policies:

It is the student's responsibility to be familiar with and adhere to ABN’s Policies.

 

AUTHORISATION:

This course is authorized for use by:

 

 

___________________________________ __________________________
Head of Department                                                                                                                                      Date

 

­­­­ACKNOWLEDGEMENT BY STUDENT

 

(To be completed by all students on the course, detached from the course outline and kept on record in the department)

 

I, (insert name), (Student number), hereby acknowledge that I have received this course outline for (insert course title and code), and that I have familiarized myself with its content, in particular the statement about academic honesty and integrity. I agree to abide by the Policies and arrangements spelt out in this course outline.

 

 

 

_________________                                                                                                ___________________

Signature of Student                                                                                                                      Date