Responsibility of loan application

Answer 1

- Providing accurate and truthful information on the application
- Ensuring that all required documents are submitted in a timely manner
- Communicating with the lender and responding to any requests for additional information
- Understanding and agreeing to the terms and conditions of the loan agreement
- Making timely payments on the loan as agreed upon
- Notifying the lender of any changes in financial circumstances that may affect the ability to repay the loan
- Seeking assistance or guidance from the lender if experiencing difficulty in making payments on the loan