What does loan approval mean?
Definitions for loan approval
loan ap·proval
This dictionary definitions page includes all the possible meanings, example usage and translations of the word loan approval.
Princeton's WordNet
loan approvalnoun
formal authorization to get a loan (usually from a bank)
ChatGPT
loan approval
Loan approval is the process by which a financial institution, such as a bank or credit union, agrees to lend a specified amount of money to a borrower after assessing and verifying their creditworthiness and ability to pay back the amount within a certain time period. This process involves evaluating various factors, including the borrower's credit history, income, debt-to-income ratio, employment status, and the purpose of the loan.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of loan approval in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of loan approval in Pythagorean Numerology is: 8
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"loan approval." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/loan+approval>.
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