Question

(ü) Draft a letter to a first-time loan seeker from your bank. You have to turn down his request for credit. Pay attention to the tone of your refusal and tact in assuring him of another opportunity.​

Answer 1

Answer:

➡Reasons for taking out a personal loan

➡ If you lose your job, get your work hours reduced or have an emergency medical bill, a personal loan can meet your needs in the short term.

• Debt consolidation:-

You can save money on interest payments when you consolidate high-interest credit card debt with a personal loan.