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Opinion – Bankers Association of Namibia…Requirements for granting credit
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Opinion – Bankers Association of Namibia…Requirements for granting credit

Our previous article clarified the term “credit” and the scenarios under which banks grant it. This article is more detailed and explains how customers apply for credit and what banks look for before extending credit to their customers. Once credit is extended to customers, they must comply with the terms and conditions of the agreement for the duration of the contract.