In general, a borrower with the
following characteristics shall be treated as a high risk client and loan
application are usually automatically denied unless with strong mitigating factor (example:Good collateral support like a Co-Maker/Guarantor with strong cashflow)
1.
Employees
with less than two (2) years work experience
2. For self-employed: No track record or business is less than three (3)
years
3.
Credit Ratio is 40% and above (that's all your monthly loan
amortization inlcuding credit card bills, divided by your Gross
Income)
4.
Negative results of the credit investigation
such as
a. With previous
court case: ejectment, estafa, sum of money, replevin, BP
22, repossession/foreclosure case
b. Cancelled credit card
c. Negative
telecommunication case
5. Individuals with high risk or unacceptable professions such as
a. policemen,
members of the AFP/PNP
b. entertainers
c. news
reporters or journalists
d. pastors,
priests or members of the religious order
e. lawyers, politicians
e. lawyers, politicians
f. seafarers
who are non-officers and highly dispensable positions
g. land-based
OFWs who are non-technical or unskilled and highly
dispensable
6. OFWs
working in high risk countries (war-torn, war zone, famine
infested, very poor
economy.)
