A bank customer seeks to borrow a large sum of money. On her application, she indicated that she has a full-time job with a high salary. This resulted in her receiving a loan interest rate that was below the average. Which of the following BEST explains this result?

Group of answer choices

She demonstrated that the loan would be put to good use.

She indicated that she has other sources of financial assistance.

She demonstrated an ability to repay the loan.
(C) WAS THE ANSWER

She indicated that her need for the loan is low.

Question

06-12-2019
Social Studies

contestada

A bank customer seeks to borrow a large sum of money. On her application, she indicated that she has a full-time job with a high salary. This resulted in her receiving a loan interest rate that was below the average. Which of the following BEST explains this result?

Group of answer choices

She demonstrated that the loan would be put to good use.

She indicated that she has other sources of financial assistance.

She demonstrated an ability to repay the loan.
(C) WAS THE ANSWER

She indicated that her need for the loan is low.

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fatimakincsem fatimakincsem · Answer 1 · 2019-12-12T22:17:57+01:00

The correct answer would be option C, She demonstrated an ability to repay the loan.

This resulted in her receiving a loan interest rate that was below the average. This was made possible because she demonstrated an ability to repay the loan.

Explanation:

Whenever someone applies for a loan through a bank, he or she is asked to show some source of earnings that will enable them to pay the loan back. In normal cases, a pay slip does this all. By showing a good salary slip, the client is able to qualify for the loan.

So when a client showed the bank her pay slip which indicated her high salary, they offered her a loan at a lower interest rate. She showed her salary slip to demonstrate the ability to repay the loan. This slip may also act as a guarantee to pay the loan back in some cases.

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