Social Sciences, asked by subhanginikhuntia82, 11 months ago

Hello guys ..... I am leaving this app

One last question........( What are the reason why the banks might not be willing to lend a certain borrowers)


Miss u all guys.... ❤❤​

Answers

Answered by sanjeevaarav910
1

Answer:

Many times the bank is not ready to grant money to several borrowers because;

1) The borrower may not be capable to provide a declaration of their incomes.

2) The borrower may be having an account of non - payment of loans or bounce in their monthly installment.

3) The borrower may not be able to display certificates of work with any company or no information about their business.

4) Due to poverty bank may not trust the borrower for repayment of loans.

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