The credit appraisal memo is what the committee actually reads. When every analyst writes it differently, the committee spends its time asking the same questions instead of deciding.
A credit appraisal memo (often called a CAM or credit note) is the document an analyst prepares so a credit officer or committee can decide on a loan. It summarises who the borrower is, what they want, whether they can repay, what could go wrong and how the proposal fits the lender’s credit policy.
| Section | What it answers | Usual sources |
|---|---|---|
| Proposal | Amount, product, tenure, purpose, security | Application form |
| Borrower profile | Who they are, how long in business, ownership | KYC, registrations, field visit |
| Banking analysis | Inflows, outflows, balances, bounces | Bank statements, account-aggregator data |
| Income and turnover | Declared and observed income, trend | ITRs, GST returns, financials |
| Obligations | Existing loans and EMIs, repayment track | Bureau report, statements |
| Repayment capacity | FOIR or cover ratios under your policy | Computed from the above |
| Field verification | Does the business or residence exist as described? | Field report, photos, GPS |
| Policy fit and deviations | Which policy band, and what falls outside it | Your credit policy |
| Risks and mitigants | What could go wrong and what offsets it | Analyst judgement |
| Recommendation | Approve, decline or modify, with conditions | Analyst, for the credit officer |
AutoCredit is built for lenders’ credit and operations teams. Bank statements, GST returns, ITRs and KYC are collected on WhatsApp or a portal; bureau and account-aggregator data is pulled where consent allows. Banking, obligations, FOIR and GST trends are computed the same way for every analyst. The file is placed in your policy bands with deviations flagged, and a credit memo is drafted with every line cited to the document it came from. Field agents file a checklist, photos and GPS from their phone the same day, and the memo updates when the report lands. Credit officers and the committee decide; nothing is sanctioned by a model. The sanction is written to your LOS or LMS through the APIs you open.
The document an analyst prepares so a credit officer or committee can decide on a loan: the proposal, borrower profile, banking and income analysis, obligations, repayment capacity, field verification, policy fit, risks and a recommendation.
Formats differ by lender, but most include the proposal, borrower profile, banking analysis, income, obligations, repayment capacity, field verification, policy deviations, risks and mitigants, and a recommendation.
A draft can be assembled from the file and placed against your policy bands with every line cited, but the decision should stay with a credit officer.
See it on your own data. AutoCredit — The credit memo, drafted and cited. Book a 30-minute working session with an engineer.
