Why Bank Need So Many Details To Proceed A Loan Facility And Why They Always Negative?
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asked 5 months ago
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If you were lending someone money, wouldn't YOU want to know how you were going to get it back? Wouldn't you want to feel secure knowing they have the ability to make the payments? They are looking out for themselves. It is business, not personal. You would do the same thing if you were a lender..and if you didn't, you would have a lot of defaulted loans and go out of business pretty quickly.
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