Factors to be considered by banks before granting credits to customers are:

(i) The type of account the customer operates

(ii) The amount involved.

(iii) The past financial dealings of the customer with the bank

(iv) The purpose for which the loan will be used

(v) The collateral security offered

(vi) The period of repayment

(vii) The customers referee

(viii) The earning power of the borrower

(ix) The source of repayment

(x) The present government policy on banks’ lending

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