Luotonottokäytäntö
Luotonottokäytäntö, meaning credit policy in English, refers to the set of guidelines and procedures a financial institution uses to evaluate and approve or reject loan applications. This policy outlines the criteria lenders consider when determining a borrower's creditworthiness and the likelihood of repayment.
Key elements of a luotonottokäytäntö typically include assessment of credit history, income verification, debt-to-income ratios, and
Different types of loans, such as mortgages, personal loans, or business loans, may have specific variations
The development and regular review of a luotonottokäytäntö are crucial for a financial institution's financial health