Home loan sanction letter Term Meaning in Real Estate - Guide

It is a letter issued by a bank or other financial institution to an applicant who has applied for a home loan. The letter conveys that the applicant is eligible to avail loan of a certain amount.

Devika Arora

7 years ago

Published Date: May 03, 2018

Updated Date: Mar 27, 2024

It is a letter issued by a bank or other financial institution to an applicant who has applied for a home loan. The letter conveys that the applicant is eligible to avail loan of a certain amount, provided he/she fulfills the terms and conditions mentioned.

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