Question 7: What are the reasons why the banks might not be willing to lend to certain borrowers?

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Dileep Vishwakarma

2 years ago

The banks might not be willing to lend certain borrowers due to the following reasons: (a) Banks require proper documents and collateral as security against loans. Some persons fail to meet these requirements. (b) The borrowers who have not repaid previous loans, the banks might not be willing to lend them further.

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