Whenever we apply for loan, the bank/financial institution asks for our Bank Statements. They mainly check for any bounced cheques so they know whether the prospect has any problems/history. In addition to that, they also check other minor things. Like, if there are any entries of phone bill, electricity bill, etc., then they check whether it is there repeatedly every month. If the entries are repeated every month, that shows that the prospect is very disciplined with the due dates and payment of bills. But if the entries are not there every month, that will show to the bank that you are not disciplined. You may have money, but you do not have the intention to pay money on time. This is what the bank interprets.
Many of you may reason that Bank takes the mortgage against your loan. Most of the time the value of the mortgage is more than that of the loan. But Bank does not have any intention to sell your mortgage. It's business is not selling mortgages and recovering the dues. When bank evaluates any proposal, it mainly sees whether you are capable of paying the money back. Some have the money, but do not have the intention to pay. The financial discipline showed in your regular statement goes on to show that you have the will to give away the dues. These small things may go in a long way towards working of your Business Loan.
Discipline is the best thing that you can have. Be it be in any field. You can prepare a monthly, quarterly & annual charts for paying the dues - either personal or professional level. If your government dues are to be paid monthly and you have it, please do the needful. If you are not having it, that is another thing. But discipline will make you do best out of available options.
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