Which obstacle restricts certain borrowers to …

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Which obstacle restricts certain borrowers to get a loan from the banks? State with example.

Posted by Niral Dharawat 4 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 4 years, 11 months ago

The banks might not be willing to lend certain borrowers for the following reasons:

(i) Banks require proper documents and collateral as security against loans. Some persons fail to meet these requirements.

(ii) The borrowers who have not repaid previous loans, the banks might not be willing to lend them further.

(iii) The banks might not be willing to lend those entrepreneurs who are going to invest in the business with high risks.

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CBSE > Class 10 > Social Science