What Does Pending Loan Mean

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 A pending loan typically refers to a loan application that has been submitted but has not yet been approved or denied by the lender. During the pending stage, the lender may be reviewing the applicant's creditworthiness, income, employment status, and other relevant factors to determine whether to approve the loan. Until a decision is made, the loan remains in a pending status. Once the lender makes a decision, the loan will either be approved and funded or denied.

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