Why Lenders Ask for Bank Statements: A Complete Guide to What They Check & Why It Matters
When applying for a loan — whether it’s a personal loan, car loan, home loan, or even a business loan — you’re often asked to submit your recent bank statements. For many borrowers, this step may feel intrusive or even unnecessary. But from a lender’s perspective, your bank statement is one of the most crucial documents in evaluating your financial health.
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