What is the main objective of loan application

1 answer

The main objective of a loan application is to provide the lender with thorough and accurate information about the borrower's financial situation, credit history, and ability to repay the loan. This information is used by the lender to assess the borrower's creditworthiness and determine the terms and conditions of the loan, such as the interest rate, loan amount, and repayment schedule. Ultimately, the goal of the loan application process is to secure funding for the borrower's financial needs while minimizing the risk for the lender.
Similar Questions
    1. answers icon 1 answer
    1. answers icon 1 answer
    1. answers icon 1 answer
  1. Write an objective for the following:This is an RTOS based application. That is developing an embedded application in real time
    1. answers icon 1 answer
more similar questions