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How does the lender (Bank) calculate eligibility?

April 26, 2017Bank CALCULATE eligibility Lender

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How does the lender (Bank) calculate eligibility?

1 Answer

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10 Posted

Loan eligibility is calculated based on the ability to repay. Factors such as income, age, qualifications, number of dependants, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history are taken into consideration.