Question

Describe at least three things a bank would consider about you when deciding whether to give you a loan.

Answer 1

Your credit history (specifically, timely payments, your ratio of credit to debt and how long your credit has been established)

Your current employment and or / income

Other outstanding debts (debt to income ratio)

Weather or not you own your home

The purpose of the loan you are requesting

What, if any collateral you have

Answer 2

Three things that they would consider are:
1. Your credit history.
2. Your ability to repay the loan.
3. Your cash flow history.