Loan Application
/ˈloʊn ˌæplɪˈkeɪʃən/
Definitions
- (n.) A formal request submitted by a borrower to a lender for the provision of a loan, detailing financial information and terms.
She completed the loan application to seek funding for her new business.
Forms
- loan application
- loan applications
Related terms
See also
Commentary
Loan applications must be carefully drafted to accurately represent the borrower's financial status and purpose to avoid misrepresentation and delays.
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.