How much money can the bank give you? Maryland

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    How much money can the bank give you?

    You are about to take out a large loan from the bank. You had no doubts that the bank would make a positive decision. After all, you have never allowed delinquency on loans and borrowings. But suddenly it turned out that banks evaluate potential customers not only by payment discipline and income, but also by many other parameters. Sometimes they even study photos on social networks and pay attention to the phone model. This evaluation system is called "credit scoring".
    After evaluating all the parameters, the program calculates the total score of the borrower.
    The most reliable clients have the highest score and the highest chances of getting a loan on favorable terms with a much larger amount.