Presented By : Mr. Ashish Petkar, General Manager, RO-IV, GRO.
Types of Borrower. Banks typically categorize borrowers into several types of borrowers based on their creditworthiness, financial stability and loan requirements..
Types of Borrower. Common Types of borrowers Prime Borrowers Sub-Prime Borrowers Retail Borrowers Commercial Borrowers Corporate Borrowers Sovereign Borrowers High-Net-worth Borrowers Small and Medium Enterprise (SME) Borrowers Agricultural Borrowers Real Estate Borrowers.
Types of Borrower - Based on their Constitution. Details of Borrower based on their Constitution are as below:- Individuals Proprietary Firm Partnership Firm Limited Liability Partnerships (LLPs) Private Limited Companies Public Limited Companies Trust Hindu Undivided Families (HUFs) Joint Liability Group (JLG) AOP – Association of Persons Co-operative Societies.
Individuals:. Individual borrowers refer to natural persons who borrow money from lenders, such as banks, credit unions, or other financial institutions, for personal or household purposes. These categories include: Consumers Homeowners Investors.