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In what circumstances an overdraft on current account is permissible?

  • How are personal loans usually repaid?

  • Will you pay back more than you borrowed? What will the difference be?

  • What information will the manager require for a personal loan?

  • What information will he require for a business loan?

  • What other things will he take into account?

  • What will he need from you to make the loan safer for him?

  • What does a businessman mean by his expected rate of return?

  • Why might this be important to the bank manager?

  • What kind of things might you offer as collateral for a personal loan?