A bank that is reviewing your past loan repayment history is probably also looking at the character component of the five c's of lending.
Lenders assess your loan application based on your collateral, capacity, capital, conditions, and character. Find out what they are to improve your eligibility when approaching lenders.
The usage of the five Cs of credit is not mandated by regulation, but the majority of lenders look at the majority of this data before enabling a borrower to incur debt.
To assess a borrower's character, a lender will consider the applicant's general reliability, credibility, and personality. This is done to ascertain whether the applicant is trustworthy and likely to pay back loans and other debts on schedule.
To learn more about loans
https://brainly.com/question/8347317
#SPJ4
