Common grounds for declining credit applications include:

#1: Low ability of applicant to repay the facilities applied;

#2: Purpose of financing does not align with facilities applied;

#3: Poor financial records of the applicant / poor repayment records with other lenders

#4: Applicant obtain other substantial borrowings resulting in high gearing

#5: Unsatisfactory conduct of bank account by the applicant

#6: Applicant has pending legal action

#7: High business risk i.e. over dependence on single buyer or supplier

#8: Lack of financial commitments from business owners (i.e. not willing to commit additional working capital)

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