What is another word for loan approval?
Pronunciation: [lˈə͡ʊn ɐpɹˈuːvə͡l] (IPA) 
Obtaining a loan approval is an important step in securing financial assistance. There are several synonyms for the term "loan approval" which can be used interchangeably. These include "loan acceptance" which refers to the confirmation of a borrower's eligibility for a loan. Another synonym is "loan sanction" which indicates official approval or authorization issued by a lending institution. Similarly, "loan clearance" denotes the removal of any obstacles or conditions imposed by the lender before granting a loan. Lastly, "loan validation" refers to the process of verifying the borrower's ability to repay the loan and thus granting the loan approval. These synonyms can come in handy when communicating with lenders or borrowers seeking financial assistance.
