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Message: <blockquote data-quote="ieannet" data-source="post: 30856875" data-attributes="member: 7204">Turnover and salary do not matter to the bank. If you have money, the bank will grant you loans. If you do not have money, then the bank will not grant you a loan. Simple theoryA well-known person of mine does not have a job, earns no income, and does not deposit anything into the bank regularly, specifically, the Sampath Bank. However, the person had a credit card with a limit of just 60,000, issued by ComBank.  Sampath offers a $3 million loan at 17% pre-approved and receives a call every week.So what is the catch here? That person does have FDs over 1.4 million. The issue is that the person never uses or withdraws this FD, which means the bank knows the person does not have any financial difficulties. that all banks need.My Theory If you need a loan, such as a housing loan, education loan, or car loan, you simply need to demonstrate your financial stability to the bank and prove that you have sufficient funds available.  No need for any loans, and there are no cash or funding issues in your life  <img src="/styles/default/xenforo/smilies/default/yes.gif"  class="smilie" loading="lazy" alt=":yes:" title="Yes    :yes:" data-shortname=":yes:" /></blockquote>

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