In addition to this, when to get those documents required, to get loan become difficult too. Because of long line of people who want the same service as you. This make some people like traders to reject the application. Because they ask this for making trading, and then the traders who have money pay for that. In this case, you have to sell other special thing you have that will cover those gaps of loan.
As many entrepreneur refuse borrow that loan, it will put many banks in bankruptcy. Because those people are one of the most client of the bank. This will result to the inflation since more money will transferred between people only, the control will be difficult. The bank will remain with few client or none because of problem in loan application system.
One person may have more loan because of low information provided or tricks occurred while a person is applying for loan. This may result to the big loss caused by thefts. Because the time and big number of people who want that loan, a man’s brain may be tied so that the thefts occur.
The solution for those problems have already out. The online system has built for you as the solution of all problem we faced. That system called "ONLINE LOAN APPLICATION AND VERIFICATION" solve that list of problem above and so on. In this system a borrower will provide his/her identification then the system check in other loan-applied identifications. This will reduce the long line that available at bank room for loan application that is helpful to the client because they did not wait for long time. This system also will help the client because they will apply for the document on government online at the same time applying for loan. The thefts occurred will no longer happen since the check-up done by the system itself. In addition, you can apply at anywhere and anytime. This we profit both banks and the entrepreneurs as the traders of money. Moreover, the inflation will not happen since money transaction are controlled by the country.
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