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  Loan Application Definition
Loan Application A form that you fill out in order to obtain a loan from a lender. The information on this form lets the lender know how much money you want to borrow, what you need the loan for, and outlines your personal information such as your finances and employment history. The application also allows the lender to request a copy of your credit report in order to determine your creditworthiness and to assist in their decision whether or not to approve your loan.

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