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Banks attempt to reduce risk of lending to borrowers by performing a credit appraisal on new loan applicants. This process is based on some key

Banks attempt to reduce risk of lending to borrowers by performing a credit appraisal on new loan applicants. This process is based on some key parameters which predict the possibility of the borrower defaulting on the loan. These parameters are known as the 6 Cs of credit. Explain this concept. ? (15 MARKS)

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