Question No. 07 This is a subjective question, hence you have to write your answer in...

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Question No. 07 This is a subjective question, hence you have to write your answer in the Text-Field given below. Help Center You are a brand new loan officer at Lakshmi Vilas Bank. Your boss gives you two customer files for you to analyze: File #1 - Ram Charan Singh needs to purchase a car to get to his new job. His salary will be $5,000 monthly. He has been good about saving and has $15,000 in his savings account at your bank. The car he wants to purchase will cost him $15,000 with 3% interest and 4-year loan term, his monthly payment would be $322. His credit report shows he pays on time and only has one credit card. File #2 - Amruta Modgal has been unemployed for the past six months. She had a great job and loved to buy new clothes and go out with her friends, so she only has $7,000 in her savings account. She needs the new car to go for job interviews. The car Amruta wants to purchase will cost her $20,000 with 3% interest and 4-year loan term, her monthly payment would be $442. Her credit report shows a few late payments during the past six months and she has three credit cards a. What are the 5 C's of Credit Analysis? Name and Explain each C succinctly b. Whom should the bank lend the money based on the 5 C's of Credit Analysis? Options [2.5] [2.5] Question No. 07 This is a subjective question, hence you have to write your answer in the Text-Field given below. Help Center You are a brand new loan officer at Lakshmi Vilas Bank. Your boss gives you two customer files for you to analyze: File #1 - Ram Charan Singh needs to purchase a car to get to his new job. His salary will be $5,000 monthly. He has been good about saving and has $15,000 in his savings account at your bank. The car he wants to purchase will cost him $15,000 with 3% interest and 4-year loan term, his monthly payment would be $322. His credit report shows he pays on time and only has one credit card. File #2 - Amruta Modgal has been unemployed for the past six months. She had a great job and loved to buy new clothes and go out with her friends, so she only has $7,000 in her savings account. She needs the new car to go for job interviews. The car Amruta wants to purchase will cost her $20,000 with 3% interest and 4-year loan term, her monthly payment would be $442. Her credit report shows a few late payments during the past six months and she has three credit cards a. What are the 5 C's of Credit Analysis? Name and Explain each C succinctly b. Whom should the bank lend the money based on the 5 C's of Credit Analysis? Options [2.5] [2.5]