What does Serviceability mean?

What does Serviceability mean?

Serviceability describes the method lenders generally use to assess a consumer’s ability to repay a loan. This can based on the loan amount, the borrower’s income, expenses and other commitments.
UNO home loans
UNO home loans

Serviceability describes the method lenders generally use to assess a consumer’s ability to repay a loan. This can based on the loan amount, the borrower’s income, expenses and other commitments.

UNO home loans
UNO home loans