Economy, asked by nishthakukreja5, 4 months ago

what are the reasons why the banks not might be willing to lend to certain borrowers​

Answers

Answered by mahi577
7

Explanation:

Banks might not be willing to lend to people who cannot provide collateral, who do not have steady earnings or jobs, and who have a history of non-repayment of loans. In such cases, banks do not have a guarantee as to whether or not the loans will be repaid by the persons concerned.

Answered by HɪɢʜᴇʀKᴜsʜᴀʟBᴏʏSᴜʙs
9

{\tt {\blue {\underline{\underline {\huge{QUESTION}}}}}}

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

{\tt {\red {\underline{\underline {\huge{ANSWER}}}}}}

  • Banks might not be willing to lend to people who cannot provide collateral, who do not have steady earnings or jobs, and who have a history of non-repayment of loans. In such cases, banks do not have a guarantee as to whether or not the loans will be repaid by the persons concerned.
Similar questions