loan approval (Meaning)
Wordnet
loan approval (n)
formal authorization to get a loan (usually from a bank)
Synonyms & Antonyms of loan approval
No Synonyms and anytonyms found
loan approval Sentence Examples
- The mortgage application was denied due to insufficient income and a low credit score, resulting in loan approval rejection.
- The bank's stringent loan approval process required a detailed financial analysis and extensive documentation.
- After a thorough review of the borrower's financial history, the loan approval was granted for the requested amount.
- The potential borrower was advised to improve their credit rating before reapplying for loan approval.
- The loan approval process is often lengthy and involves multiple steps, including credit checks and income verification.
- The company's loan approval rate has improved significantly since implementing automated underwriting systems.
- The bank's loan approval criteria are based on factors such as creditworthiness, debt-to-income ratio, and employment history.
- The loan approval was delayed due to missing tax documents and a late credit card payment.
- The borrower was elated to receive loan approval after months of waiting and uncertainty.
- The loan approval process can be expedited by providing complete and accurate financial information to the lender.
FAQs About the word loan approval
formal authorization to get a loan (usually from a bank)
No synonyms found.
No antonyms found.
The mortgage application was denied due to insufficient income and a low credit score, resulting in loan approval rejection.
The bank's stringent loan approval process required a detailed financial analysis and extensive documentation.
After a thorough review of the borrower's financial history, the loan approval was granted for the requested amount.
The potential borrower was advised to improve their credit rating before reapplying for loan approval.
