What are the reason that the bank might not be willing to lend to certain borrowers?
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Answered by
4
following are some of the reasons:
1. banks require proper documents and Collateral as security against loans. some persons fail to meet these requirements.
2. the bar over who has not repaid previous loans,the banks might not be willing to lend them further.
hope this helps you.....
1. banks require proper documents and Collateral as security against loans. some persons fail to meet these requirements.
2. the bar over who has not repaid previous loans,the banks might not be willing to lend them further.
hope this helps you.....
Answered by
1
The reasons why banks might not be willing to lend money to certain borrowers are given below:
- Sσmє pєσplє fαíl tσ prσvídє thє rєquírєd sєt σf dσcumєnts tσ gєt α lσαn
- Irrєgulαr wαgєs αnd nσ fíхєd jσв ís αlsσ σnє rєαsσn вєcαusє ít íncrєαsєs thє chαncєs σf nσn-rєpαчmєnt σf lσαns
- Cєrtαín вσrrσwєrs αrє αddєd tσ thє líst σf npαs
- Thєrє ís hígh rísk ín αpprσvíng lσαns tσ єntrєprєnєurs
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