Loan application Term Meaning in Real Estate - Guide

A loan application helps understand the credentials of a borrower.

Kopal Cheema

6 years ago

Published Date: Apr 02, 2018

Updated Date: Mar 27, 2024

Loan application refers to a document that provides the essential information about the borrower on which the lender bases his decision to lend.

A loan application is neither a pledge by the applicant nor a commitment by the lender.

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