While extending financing facilities to the customers the banks-00925
While extending financing facilities to the customers, the banks / DFIs should ensure that the __________ is commensurate with monthly income and repayment capacity of the borrower.
This multiple choice question (MCQ) is related to the book/course vu bnk603 Consumer Banking. It can also be found in vu bnk603 Lecture No.11 - Quiz No.1.
While extending financing facilities to the customers, the banks / DFIs should ensure that the __________ is commensurate with monthly income and repayment capacity of the borrower.
Total installment of the loans
Principal amount of the loan
Interest on the loan
None of the given options