Economy, asked by RehanAhmadXLX, 1 year ago

What are the reasons why the banks might not be willing to lend to certain borrowers?

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Answers

Answered by Suryavardhan1
103
The banks might not be willing to lend to certain borrowers :-
1) The borrower may not be able produce certificate of their earnings.
2) Borrower may have the history of non - repayment of loans .
3) Borrower may not be able to produce documents of employment .
4) Borrower may not have that much of money to give to bank due to poverty.
Answered by rohitkumargupta
30
HELLO DEAR,

bank do want to give loan to poor person
who have not auxiliary

bank requires proper (i.e full details) documents and auxiliary as against security


the borrower who have not paid any loan (which they take earlier) and banks might not be to willing to lend them again


banks might not be wiling to lend those
because more often than not they don't have the required documents to take loan.And their jobs are not scured enough,so the band avoid giving them loans. 




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