Question

What is the role of bank in loan activities??

5 points answer...

Answer 1

Answer:

Following roles they play in sanctioning a loan:

(1) They take your bio data

(2) They check your information in bank that you took loan before or not and able to clear it

(3) They check your income yearly or monthly

(4) Then they provide you a form

(5) After filling the formalities loan is sanctioned to the account

Answer 2

The role of the bank in loan activities is that banks charge a high amount of interest rate on loans.

What is the role of the bank in loan activities?

• The bank takes 15%of cash from the loan deposited by the customers
• The banks keep some money which they give to the depositors
• The depositor takes loans for various purposes like education loans, and house loans
• The rate of interest is high in the banks
• The difference between the number of borrowers and the depositors is the source of income for banks