same sex loan application

Same sex loan application

Interesting Facts About Same Sex Loan Applications

I have just come across a very interesting article about the cost of applying for a loan from someone of your own sex.

A 10 year study by Cass Business School,(City University London), found that borrowers paid more interest on their loan when they applied from someone of the opposite sex.  loan application meeting

The study was applied in the UK and in Albania, two completely different cultures, with the same finding.  So it pays to be careful who you talk to when borrowing money from your bank.

What was also exposed in the study was that recent bank recruits were more likely to show bias than lenders who have been with the bank longer.

It might be worth keeping all this in mind next time you consider borrowing money.

Click here to read the full article.