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To establish credit policy, where a customer with higher income and current balance can get more and easier loans. they also use this to apply customer retention techniques by providing better and elite services for the higher class.
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because the main purpose of this relation based on money,
more income means to the bank easier and more options deal
more deposit money....more privileges.....happy customer.....more money and privileges for the banks
The main relationship between the Bank and the customer is in terms of money whether it is deposited or withdrawals which is why they classify the customers according to the Financial criteria.
Halo
How are you ....
Because the basis of their dealing is usurious loans on the money standing on the basis of its assessment
They also need to financial guarantees to ensure the recovery of main and interest
thank you and have my respect
A bank or any financial institution's basis to lend and maitain a client depends on client's capacity or financial eligibiltyto borrow, save, and invest..Products and Services are offered and classified based on client's need and want...on bank's perspective, lending and investment is always a high risk that needs thorough analysis and qualification.
Thanks for invitation,
In order to be able to design accurate services that are satisfying all customers' categories and mitigating risks.
