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Class 10
Social Science - Understanding Economic Development
Money and Credit
what are the reasons why the banks might not be wi...

Question:
What are the reasons why the banks might not be willing to lend to certain borrowers?

Answer:

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

- A few people fail to provide the required set of documents to get a loan.

- There are some people who have not repaid pervious loans. Such borrowers are come in the defaulters list. Banks might not be willing to lend them further.

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

- The banks might not be willing to lend those people who earn irregular incomes or have no fixed salary because in such cases chances of repayment of the loan are very less.

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Question:
What are the reasons why the banks might not be willing to lend to certain borrowers?