Answer:
Explanation:
The first C is character—reflected by the applicant's credit history
The second C is capacity—the applicant's debt-to-income ratio.
The third C is capital—the amount of money an applicant has.
The fourth C is collateral—an asset that can back or act as security for the loan.
The fifth C is conditions—the purpose of the loan, the amount involved, and prevailing interest rates.
