Recently Applied For A Loan And Got A Conditional Approval, What Does That Mean ?
Posted by admin on October 5th, 2009 at 06:45am
I applied for a student loan through a private bank and recieved a conditional loan. Does that mean agreeing to things such as the intrest, repayment, or upon graduation and things of that nature. I am happy b/c I had been turned down for other loans or was required to have a cosignor. What does this mean?
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2 Comments for Recently Applied For A Loan And Got A Conditional Approval, What Does That Mean ?
1. lela1026 | October 5th, 2009 at 7:03 am
Before signing the agreement you must read it thoroughly
Then decide whether you can adhere to the instructions given therein. If it is OK. you can go ahead to get a loan. What they require is prompt repayment of loan either in a lump sum with interest or by monthly instalments They need not bother about your success or otherwise in your exam.
2. nayaham1 | October 5th, 2009 at 7:19 am
When they have conditions, alot of times they want you to repay it in certain ways or you have to maintain a certain GPA or whatnot.
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