Lending Criteria
/ˈlɛndɪŋ krɪˈtɪəriə/
Definitions
- (n.) Standards and requirements set by a lender to evaluate the eligibility and creditworthiness of a borrower before granting a loan.
The bank revised its lending criteria to include stricter income verification.
Forms
- lending criteria
Related terms
See also
Commentary
Lending criteria are often detailed in loan policies and can vary significantly depending on jurisdiction and the type of loan involved.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.