Social Sciences, asked by Vfhghkljvc, 3 months ago

Why are banks not willing to lend to certain borrowers

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Answered by himahazarika

Answer:

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

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