When evaluating loan applications,banks consider the borrower's ability and willingness to repay the loan.

Name: When evaluating loan applications,banks consider the borrower's ability and willingness to repay the loan.
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Banks need to ensure that the borrower has the ability to repay the loan based on their income, employment stability, and credit history. They also evaluate the borrower's willingness based on their past repayment behavior and overall financial responsibility.

When Evaluating Loan Applications,banks Consider the Borrower's Ability and Willingness