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Steady income (and a history of such income)in an amount enough to repay debts, acceptable credit history, an acceptable loan purpose, and if required, acceptable collateral

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Q: What does it take to borrow a loan from a bank?
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Related questions

Why do most people take a mortgage loan when they purchase a house?

They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.


Who should you see at the bank if you need money to borrow?

a loan officer


How do you borrow money for your car?

go to the bank and ask for an auto loan.


Who should you see at the bank if you need to borrow money?

The Loan Arranger


How does one use a bank loan calculator?

A bank loan calculator decides how much the bank can borrow a person for a selected period of time. The loan calculators also sum up how long it will take one to pay off the total debt with interest. To use a bank loan calculator, go to the bank website, select the type of loan, enter the duration of the loan and the results will be displayed on screen.


What do you call a bank employee who helps customers borrow money?

A bank employee that helps customers borrow money would be called a loan officer.


Can you go to the bank to take out a loan?

That is probably the most common way to borrow money and the main reason banks were created.


Whom should you see at the bank if you want to borrow money?

The loan arranger.


How much can you borrow for study loan?

That is a question which you should ask your bank, not us.


Do I have to have money in my bank account to borrow a student loan?

In some cases, you may need to have money in a bank account to borrow student loans. However, it will be different for each person.


Where to get a loan in a hurry with poor credit?

The easiest is to go to a bank and get a backed loan. You give the bank the amount of money you wish to borrow, they will then give you a loan for that amount knowing it is secured. You then make payments on the loan to build your rating.


How does tax hinder business'?

they borrow money and take it as a loan