Question

Which of the following is NOT considered when the bank evaluates your loan application?

A. Your high school or college transcript
B. Your employment status and your ability to make payments now and in the future
C. Your credit history report
D. Your savings or other assets

Answer 1

A. Your high school or college transcript

Step-by-step explanation:

The banks will evaluate the loan application considering all factors that are pointers to the person's or entity's ability to repay the loan and in due time.

These factors include employment status and your ability to make payments now and in the future, credit history report, savings or other assets (in case there is a need to recover the loan through asset seizures).

The option not considered is high school or college transcript.

Option A.