Loan Eligibility
/ˈloʊn ɪˌlɪdʒəˈbɪləti/
Definitions
- (n.) The legal qualification or criteria determining a borrower's right to obtain a loan under applicable laws and lending policies.
The bank assessed her loan eligibility before approving the mortgage.
Forms
- loan eligibility
Related terms
See also
Commentary
Loan eligibility is a key legal and financial concept often defined by statutory regulations and institutional policies affecting lending decisions.
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.