What is the meaning of LOAN APPLICATION?

LOAN APPLICATION is the loan application is the source of information on which the lender bases a decision to make the loan; defines the term of the loan, gives the name(s) of the borrower(s), place of employment, salary, bank accounts and credit references, and describes the real estate that is to be mortgaged. It also stipulates the amount of the loan being applied for and the repayment terms.

4
 
|15 years ago|322 views|share |citing 
APABarry Goldsmith. (2010). loan application. Retrieved September 22, 2026, from http://smartdefine.org/loan_application/definitions/1157389
ChicagoBarry Goldsmith. 2010. "loan application" http://smartdefine.org/loan_application/definitions/1157389 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, loan application, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/loan_application/definitions/1157389>.
MLABarry Goldsmith. "loan application" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/loan_application/definitions/1157389>
{ class="autoclick" }next definition (/)