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  • Character - Moral Fibre of The Borrower - Purpose of The Loan - Truthful in Response To Questions - Capacity - The Legal Capacity To Borrow Money

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    Jaleany T C Khun
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    3 views1 page

    Character - Moral Fibre of The Borrower - Purpose of The Loan - Truthful in Response To Questions - Capacity - The Legal Capacity To Borrow Money

    Uploaded by

    Jaleany T C Khun

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    • Character

    • Moral fibre of the borrower


    • Purpose of the loan
    • Truthful in response to questions
    • Capacity
    • The legal capacity to borrow money
    • Cash
    • The borrower has the ability to generate cash to repay the loan. For a retail
    borrower, this mean income, For a business, this means cashflow (not profits).
    • Cash should not be subordinate to collateral.
    • For business, the following would be as a base set of ratios:

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