In: Finance
Which of the five "C's" are not considered when a lender is granting an unsecured loan?
Correct Answer is Colletral
There are 5 C's which are considered by lender before granting a loan
C - Character
C - Capacity
C - Condition
C - Capital
C - Colletral
When the lender is lending an unsercured loan he does not demand anything as colletral from the borrower.
Therefore Colletral is one of the 5 C's which are not considered when a lender is granting an unsecured loan