Sep 05
Question by nene: Recently applied for a loan and got a conditional approval, What does that mean ?
I applied for a student loan through a private bank and recieved a conditional loan. Does that mean agreeing to things such as the intrest, repayment, or upon graduation and things of that nature. I am happy b/c I had been turned down for other loans or was required to have a cosignor. What does this mean?
Best answer:
Answer by Amber
When they have conditions, alot of times they want you to repay it in certain ways or you have to maintain a certain GPA or whatnot.
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