Question

Can you be denied a loan after pre approval?

Answer 1

Yes you can still be denied a loan even after pre approval.

Having a loan pre approved doesn't really mean that you're always approved for the loan but instead usually means that you have a very good chance of getting loan approved.

Still if you get a pre approval loan letter or invitation in the mail you haven't really been approved yet for the loan and when you sign up for the loan then they'll actually go through the loan approval process and let you know within a few days to a few weeks whether you're actually approved for the loan or not.

Now if you're talking about a mortgage or other loan that was pre approved as in the bank or lender got you approved for the mortgage or loan and then later the lender finds something else on your credit report that suddenly changes then shortly after the loan could be denied.

Answer 2

It depends on where do you want to take a loan. Recently I took a loan from cashcat.ph it`s quite a good service with a small interest rate 1.5%. Advantages: simple application form on the site and terms of loan approval 10 minutes!

Answer 3

It depends on where do you want to take a loan.

Recently I took a loan from cash cat it`s quite a good service with a small interest rate 1.5%.

Advantages: simple application form on the site and terms of loan approval 10 minutes!

Answer 4

I think that everything depends on the institution where you are going to take a loan. Actually, here https://advanceloans.ph/robocash-sri-lanka/ is a really good conditions. This service is a wonderful opportunity for taking a loan without any financial assistance, long registration and papers. I think that it is really important for everyone who wants to get money fast. 

Answer 5

This is the first time I hear this, at least, I have never had such a thing, although I have taken money on credit many times. Maybe it's because I use the services of a reliable credit institution Maybeloan . In them, you can quickly fill out an online application with minimal information about yourself. And just as quickly they consider the application and make a decision. This is an ideal option for those who need money quickly.

Answer 6

It is possible to be denied a loan after pre approval.

The pre approval does not guarantee you'll be approved for the loan but means that you've met the basic requirements that can qualify you for the loan.

I've been pre approved for some loans and then been denied when I actually applied for them.