Glossary
Pre-approved Loan
A pre-approved loan is an in-principle offer that a lender makes to a customer based on its data on that customer, such as salary account activity and repayment record. It is not final until the lender completes its checks and documents. A pre-approved offer is not automatically the cheapest, so com
Related terms: Eligibility Criteria, Sanction Letter, Hard Enquiry.
Published 12 Nov 2026
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