loan approval

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  • noun

Words related to loan approval

formal authorization to get a loan (usually from a bank)

References in periodicals archive ?
Applicants must therefore consult any financial institution of their choice and if they succeed in a loan approval, their application to the Caedb will be handled through the scheme for the subsidisation of interest rate of housing or business loans, with no guarantees from the agency.
Global Banking News-October 19, 2015--National Australia Bank enters into tie up to speed business loan approvals
With Credila's education loan approval letters, thousands of creditworthy students from India, now, will be able to fulfill their dreams of higher education in the USA".
While these disparities in loan approvals do not conclusively prove that blacks and Hispanics face discrimination in mortgage lending (in that they do not take into account possible differences in borrower creditworthiness) the differences are so dramatic that they strongly imply the existence of discrimination.
Home re financing loan approval rates rose roughly 4 percentage points for each major income group, while home purchase loan approval rates rose most dramatically for low-income borrowers.
Although he recently received a loan approval for $913,000, he may have to put plans for expansion on hold indefinitely.