Respuesta :

Answer:

income, savings, expenses, debt

Step-by-step explanation: your welcome

The four factors that a lending Institution might use when determining your eligibility for a home loan are; Capacity, Capital, Collateral and Credit.

What are the conditions for a Loan?

When trying to apply for a loan, some of the factors that the lending institution accesses are;

  • Credit; They will look at your credit score and report because it will give them insight into how you manage borrowed money.

  • Capacity; They will want to know that you have the capacity to pay back what you borrow, and so they need to see that you have sufficient and consistent income.

  • Collateral; They need to know the value of your collateral to know whether the loan is a secure one where they can seize your collateral if you can't pay up.

  • Capital; In some instances, you may be required to deposit some money before accessing the remaining loan. This is usually done especially when buying a car on loan.

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