Question
Which is NOT a criterion banks use for evaluating loan applicants?
Responses
Capital
Capital
Control
Control
Capability
Capability
Circumstances
Circumstances
Responses
Capital
Capital
Control
Control
Capability
Capability
Circumstances
Circumstances
Answers
GPT-4o mini
The option that is NOT a criterion banks typically use for evaluating loan applicants is **Control**.
Banks generally assess the following criteria:
1. **Capital**: Refers to the borrower's financial resources and assets.
2. **Capability**: Indicates the borrower's ability to repay the loan, often assessed through income and employment history.
3. **Circumstances**: Involves the overall financial situation of the borrower, including credit history and personal circumstances.
"Control" is not a standard category in loan evaluation criteria.
Banks generally assess the following criteria:
1. **Capital**: Refers to the borrower's financial resources and assets.
2. **Capability**: Indicates the borrower's ability to repay the loan, often assessed through income and employment history.
3. **Circumstances**: Involves the overall financial situation of the borrower, including credit history and personal circumstances.
"Control" is not a standard category in loan evaluation criteria.