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Conditional Loan Approval (or Conditional Finance)

Loan approval where the lender approves the loan, subject to one or more conditions (such as a registered valuation, opening of bank accounts, etc). It is important to note that THE BANK MAY STILL DECLINE A LOAN AFTER A CONDITIONAL APPROVAL HAS BEEN GIVEN! (if the borrower is unable to meet the conditions to the satisfaction of the lender)

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