Topic Four – Types of Borrowers

Your clients will have a variety of personal circumstances which will impact their capacity to borrow.  The types of loans they can use will also be different from borrower to borrower.

Being familiar with how a lender assesses your client for a loan is a vital piece of information and in this topic we explore the range of possibilities.

 

Learning objectives

By the end of this topic you will be able to:

 Explain the following types of borrowers:

    • Fully verified
    • Self certified
    • Credit impaired
    • Asset lend