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Hi when a bank puts your risk grade as 6 with excellent accounts, is this good? and how do they work out your risk grade?
and is 1 crap and 10 excellent?Depends on the lender. CBA retail are 1 to 5. If you are a 1, your own estimate of property value is acceptable as a valuation and deals are automatically approved on 95% of cases.
NAB business bank have grades 1 to 23 ( again 1 is best).
All lenders are different.
cool thanks banker, yep business loan but not with nab, so I guess 6 would mean I am not best but maybe excellent
Viewing 3 posts - 1 through 3 (of 3 total)
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