Advertisements
Advertisements
प्रश्न
Explain, why the banks do not lend credit to certain borrowers.
Advertisements
उत्तर
- Banks do not lend to borrowers who do not have collateral, as it serves as a guarantee and can be sold if the borrower fails to repay.
- Banks typically do not lend to borrowers without enough proof, such as salary or collateral.
- Banks do not extend credit to persons who have not paid previous debts or are already defaulters.
- Banks typically avoid lending to borrowers who intend to engage in risky firms.
APPEARS IN
संबंधित प्रश्न
Farmers usually take crop loans at the beginning of the season and repay the loan after ______.
Sometimes lenders demand against loan ______.
The rich households are availing cheap credit from formal lenders whereas the poor households ______.
In rural areas, the main demand for credit is for ______.
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
How do Self Help Groups help borrowers to overcome the problem of lack of collateral? Explain.
Read the information given below and select the correct option.
Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house at a 12% rate of interest. He has to submit papers about the new house and salary records to the bank. What is this process called?
|
A House Loan Megha has taken a loan of 75 lakhs from the bank to purchase a house. The annual interest rate on the loan is 12 percent and the loan is to be repaid in 10 years in monthly instalments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan. The bank retained as collateral the papers of the new house, which will be returned to Megha only when she repays the entire loan with interest. |
- From which source of credit Megha has taken loan?
- Explain the terms of credit given in the source.
Explain any three terms of Credit.
Assertion (A): Banks are not ready to lend money to certain borrowers.
Reason (R): Some people do not have collateral.
