Bank Chooses Who to Lend Money Based on Your Clothes

 For those of you looking for some alternatives on how to solve financial problems when things seem not right, the bank is the always the next resort where one can apply for a bank loan  . 

 Nevertheless, there were less fortunate ones who were denied of their bank loan application and sadly, one of the simple reasons is — they’re not capable enough to pay the amount they requested to borrow — but how did they decide on this? What do they consider?  Well, one very obvious factors that loan bankers look for when deciding whether or not to let the applicant get their financial loans is how they present themselves and basically, this includes, how they dress themselves. 

Indeed, “another way of putting it, is that, banks like to loan money to people who don’t need it,”  Barbara DesCHamps, an expert on color, fashion and image, from Chateau Publishing in Nevada City said in an interview. 

DesChamps said that when you meet with a loan banker or a venture capitalist, you should wear a neat business suit with white and formal dress shirts under it. Men should wear custom dress shirts and a tie in most instances, but perhaps not if you are a Silicon Valley geek. 

In a story DesChamps shared, a business owner had casual Fridays and was wearing khakis and a polo shirt. He was suddenly called to the bank to discuss a loan proposal. He got there and found the directors in mens dress shirts and suits, sitting around the conference table. He immediately knew he was at a huge disadvantage because of what he’s wearing. 

Furthermore, aside from the clothes, the shoes should also be presentable and neat, too. Therefore, they should “be shined and all the grooming and accessories perfect.” This will make the banker think that you are detail-oriented in your business. However, putting on too much flashy jewelry might push the banker to think that you are doing something illegal as a side job. So, it’s best to limit the use of jewelry.

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