Скачать или смотреть What checks bank do before giving loan | CA Ankit Goyal

In this video, we'll be discussing the various checks that banks typically conduct before giving out a loan. When applying for a loan, many factors are considered by banks before they approve or deny an application. We'll be covering some of the key checks that banks perform to ensure that the borrower is a suitable candidate for a loan.

Firstly, we'll explore the credit score, which is one of the most important factors that banks consider before approving a loan. We'll discuss what a credit score is, how it's calculated, and what a good credit score looks like.

Next, we'll delve into the borrower's income and employment status. Banks look at a borrower's income and stability of employment to determine whether they will be able to repay the loan. We'll talk about what income levels are typically required for different types of loans and how employment history can affect a borrower's chances of getting approved.

We'll also touch on the borrower's debt-to-income ratio, which is another factor that banks consider when deciding whether to approve a loan application. We'll explain what this ratio means and why it's important for banks to take into account.

Finally, we'll discuss some of the other checks that banks may perform, such as reviewing the borrower's financial statements and collateral. We'll explain what these checks involve and why they're important for banks to carry out.

By the end of this video, you'll have a better understanding of the checks that banks conduct before approving a loan and why these checks are important for both the borrower and the lender.


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