Credit risk profile definition
Credit risk profile means FNB’s assessment of your credit worthiness (i.e. whether you are able to make payments in terms of your obligations) during the term of the agreement. Credit worthiness entails the ability of the Bank to assess your risk profile using objective and independent criteria which includes behaviour on your accounts within the FirstRand Group and bureau information. In the event that you breach the Agreement, as provided for below, this will also influence your credit risk profile. Should a breach occur, this may influence your credit risk profile, which may lead to an adjustment in your interest rate.
Credit risk profile means the Bank's assessment of your credit worthiness (i.e. whether you are able to make payments in terms of your obligations) during the term of the agreement. Credit worthiness entails the ability of the Bank to assess your risk profile using objective and independent criteria which includes behaviour on your accounts within the FirstRand Group and bureau information. In the event that you breach the Agreement, as provided for below, this will also influence your credit risk profile. Should a breach occur, this may influence your credit risk profile, which may lead to an adjustment in your interest rate.