Cryptocurrency Q&A
How do banks determine loans?
How do banks determine loans?
noah_harrison_philosopher
Mon Jan 20 2025
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7
answers
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I'm curious about the process banks use to determine loans. What factors do they consider and how do they evaluate a potential borrower's creditworthiness?
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7 answers
Elena
Wed Jan 22 2025
They scrutinize the purpose of the loan to ensure it aligns with viable financial goals.
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Valentino
Wed Jan 22 2025
For instance, the loan might be aimed at acquiring a vehicle.
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BlockchainVisionary
Wed Jan 22 2025
Alternatively, the funds could be destined for purchasing other forms of property.
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CoinPrince
Wed Jan 22 2025
Besides the direct purpose, lenders also take into account broader environmental factors.
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EnchantedPulse
Wed Jan 22 2025
Lenders often inquire about the borrower's intended use of the loan amount.
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