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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Assess and finalise credit application 
SAQA US ID UNIT STANDARD TITLE
118036  Assess and finalise credit application 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people who apply the credit principles and processes when assessing and finalising an application for credit by an applicant. Persons credited with this standard can select from a wide choice of procedures ranging from standard and non-standard. They are responsible for the achievement of group output.

These persons are able to assess the credit application, finalise the credit decision by either granting or declining the application for credit and communicating the outcomes of the credit application assessment to the relevant parties. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners attempting this unit standard have a good knowledge of different types of credit facilities offered within wholesale and retail environment. 

UNIT STANDARD RANGE 
Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

Assessment Criteria:
  • Supporting documents are examined for sufficiency and validity in terms of the organisational and legal requirements.
    Range: Supporting documents include but is not limited to proof of income and residence, proof of identification, contractual capacity, trade reference (previous accounts held).

    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application.

    Assessment Criteria:
  • Credit checks are obtained in order to validate the credit worthiness of the applicant.
    Range: Credit checks include but are not limited to previous banking history, previous/current accounts held, credit bureau information. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Assess and validate the credit application and supporting documentation for credit consideration purposes. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The credit application is examined for sufficiency and validity in terms of the organisational and legal requirements. 

    ASSESSMENT CRITERION 2 
    Supporting documents are examined for sufficiency and validity in terms of the organisational and legal requirements. 
    ASSESSMENT CRITERION RANGE 
    Supporting documents include but is not limited to proof of income and residence, proof of identification, contractual capacity, trade reference (previous accounts held).
     

    ASSESSMENT CRITERION 3 
    Incomplete and invalid application information is followed up with relevant parties in terms of the organisational policies and procedures. 

    SPECIFIC OUTCOME 2 
    Evaluate and make recommendation and/or decision on the credit application. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Credit checks are obtained in order to validate the credit worthiness of the applicant. 
    ASSESSMENT CRITERION RANGE 
    Credit checks include but are not limited to previous banking history, previous/current accounts held, credit bureau information.
     

    ASSESSMENT CRITERION 2 
    An analysis of the applicant's credit check is conducted to establish credit worthiness and credit risk to the organisation as per organisational policies and procedures. 

    ASSESSMENT CRITERION 3 
    A decision to grant or decline the credit application is made in terms of the organisational and legal requirements as per organisational policies and procedures. 

    ASSESSMENT CRITERION 4 
    Alternative credit options are recommended to relevant parties where the original application does not meet the organisation specific requirements as per organisational policies and procedures. 

    SPECIFIC OUTCOME 3 
    Finalise and communicate credit decision following organisation specific requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The decision is concluded and recorded as per organisation specific guidelines. 

    ASSESSMENT CRITERION 2 
    Relevant parties are notified of the outcomes of the credit application decision following organisation specific requirements. 

    ASSESSMENT CRITERION 3 
    Administration processes and procedures are completed following the organisational and legal requirements. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Programmes leading to the award of credits from this unit standard will be accredited by the Wholesale and Retail SETA in its ETQA role. Anyone assessing a learner against this unit standard must be registered as an assessor with the Wholesale and Retail ETQA.

    Moderation:

    Internal Moderations will be performed by the Accredited Providers whilst the specific ETQA will perform external moderations of assessments across the Accredited Providers according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learning programme covering this unit standard must address the following knowledge areas:
  • Organisational policy & procedures in respect of assessing and validating credit applications and supporting documents.
  • Organisational procedures for following up on incomplete and/or invalid application information/supporting documents.
  • Organisational procedures for the obtaining of credit checks.
  • Organisational and applicable legal requirements in respect of granting or declining credit applications.
  • Organisation's procedures for recording decision made in respect of credit applications. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

    Assessment Criteria:
  • Incomplete and invalid application information is followed up with relevant parties in terms of the organisational policies and procedures.

    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application.

    Assessment Criteria:
  • Alternative credit options are recommended to relevant parties where the original application does not meet the organisation specific requirements as per organisational policies and procedures. 

  • UNIT STANDARD CCFO WORKING 
    Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

    Assessment Criteria:
  • Incomplete and invalid application information is followed up with relevant parties in terms of the organisational policies and procedures.

    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application.

    Assessment Criteria:
  • Alternative credit options are recommended to relevant parties where the original application does not meet the organisation specific requirements as per organisational policies and procedures.

    Specific Outcome 3: Finalise and communicate credit decision following organisation specific requirements.

    Assessment Criteria:
  • Relevant parties are notified of the outcomes of the credit application decision following organisation specific requirements. 

  • UNIT STANDARD CCFO ORGANISING 
    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application.

    Assessment Criteria:
  • Credit checks are obtained in order to validate the credit worthiness of the applicant.
    Range: Credit checks include but are not limited to previous banking history, previous/current accounts held, credit bureau information.
  • An analysis of the applicant's credit check is conducted to establish credit worthiness and credit risk to the organisation as per organisational policies and procedures.
  • A decision to grant or decline the credit application is made in terms of the organisational and legal requirements as per organisational policies and procedures.
  • Alternative credit options are recommended to relevant parties where the original application does not meet the organisation specific requirements as per organisational policies and procedures. 

  • UNIT STANDARD CCFO COLLECTING 
    Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application. 

    UNIT STANDARD CCFO COMMUNICATING 
    Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

    Assessment Criteria:
  • Incomplete and invalid application information is followed up with relevant parties in terms of the organisational policies and procedures.

    Specific Outcome 2: Evaluate and make recommendation and/or decision on the credit application.

    Assessment Criteria:
  • Alternative credit options are recommended to relevant parties where the original application does not meet the organisation specific requirements as per organisational policies and procedures.

    Specific Outcome 3: Finalise and communicate credit decision following organisation specific requirements.

    Assessment Criteria:
  • Relevant parties are notified of the outcomes of the credit application decision following organisation specific requirements. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Specific Outcome 1: Assess and validate the credit application and supporting documentation for credit consideration purposes.

    Assessment Criteria:
  • The credit application is examined for sufficiency and validity in terms of the organisational and legal requirements.

    Specific Outcome 3: Finalise and communicate credit decision following organisation specific requirements.

    Assessment Criteria:
  • The decision is concluded and recorded as per organisation specific guidelines.
  • Relevant parties are notified of the outcomes of the credit application decision following organisation specific requirements. 

  • UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Credit facility: Credit facility in this unit standard refers to a product that allows a customer to purchase goods without tendering any payment at that point in time unless a deposit is required. Payments are tendered at a later stage on a regular basis. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49396   National Certificate: Wholesale and Retail Credit Control  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2008-10-22  Was W&RSETA until Last Date for Achievement 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Edutel Wholesale & Retail Academy 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.