Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are provided with a loan application form below. Each question in the loan application form is linked to part of the five Cs .

You are provided with a loan application form below. Each question in the loan application form is linked to part of the five Cs. Please list out which C(s) is (are) assessed in each question.
Character : the integrity of the borrower.
Capacity : the cash flows to repay the loan
Capital : the borrowers contribution to the project
Collateral : the assets the borrower pledges.
Conditions : internal and external conditions , and loan conditions or covenants.
Q1. What are you using the loan for?
To buy a home
To buy an investment property
To consolidate debts
Q2. Have long have you been in your job?
Q3. Are you married?
Q4. How much are you borrowing?
Q5. Have you ever missed any payments on your debts?
Q6. Do you have any savings?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance for Non Financial Managers

Authors: Pierre Bergeron

7th edition

176530835, 978-0176530839

More Books

Students also viewed these Finance questions