- Use of digital signatures by an Authorised Officer under SARFAESI Act
- Understanding the Need and Purpose of the SARFAESI Act, 2002
- Transactions to Which the SARFAESI Act is Not Applicable
- Guidelines for Authorized Officers When Responding to Borrower's Representation Under Section 13(3A) of the SARFAESI Act
- Understanding the RBI Guidelines on Penal Charges in Loan Accounts
- Priority to the Secured Creditor Under the SARFAESI Act
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Have Any Query?
contact nowCredit Appraisal
Credit Appraisal is a
process that lenders such as banks and financial institutions
use to evaluate a borrower's credit-worthiness. Its goal is to assess the risk
involved in lending money and to determine whether the borrower will repay the loan.
Key components of Credit Appraisals
(1) Credit history
(2) Employment and
stability
(3) Financial
statements
(4) Purpose and amount
of the loan
(5) Fixed Obligation
to Income Ratio (FOIR)
(6) Security offered
(7) Credit policy of
the lender