Assess the borrower creditworthiness

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Reference no: EM132921502

You work at Bank ABC as a loan officer. You need to evaluate the creditworthiness of a borrower when he or she comes with a loan proposal. You have to make decision on the loan application based on the loan approval criteria.

(a) Discuss how would you assess the borrower's creditworthiness using the 5C's credit evaluation approach. Explain each of the criterion with an example.

Reference no: EM132921502

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