Vocab Bloom Hub

loan approval

/loʊn əˈpruːvəl/

1 entry

phrase

/loʊn əˈpruːvəl/B2formalbusiness
  • ruФормальный процесс или решение финансового учреждения о предоставлении запрашиваемой суммы денег заемщику, обычно после проверки кредитоспособности, дохода и других финансовых критериев.

The formal process or decision by a financial institution to grant a requested amount of money to a borrower, typically after reviewing creditworthiness, income, and other financial criteria.

  1. Authorization for borrowingB2formal

    The formal process or result of a lender agreeing to provide funds to a borrower under specified terms.

    ruОдобрение кредита

    • She received loan approval from the bank after submitting her documents.
    • The loan approval process can take several weeks.
    • His loan approval was contingent on a good credit score.