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in Political Science by (57.4k points)

Amrita is a government employee and belongs to a rich urban household whereas Rani works as a helper on a construction site and comes from a poor rural household. Both have a crisis at home and wish to take loan. Create a list of arguments explaining who between the two would successfully be able to get the loan from a formal source. Why?

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Best answer

Amrita would successfully get the loan from a formal source because – 

  • She can do the documentation required 
  • She can fulfil the terms of credit 
  • Bank can be assured of repayment of loan by her through EMIs from her salary

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