What Does Conditionally Approved Mean for a Personal Loan?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Pre-approval vs Conditionally Approved
Reasons for a Conditionally Approved Personal Loan Status
Employment and Income Verification
Pay Stubs
Tax Returns
Bank Statements
Debt Obligations
Car loans Medical or dental bills Student loans Child support Health insurance Car insurance Rent or mortgage Personal loan Credit cards
Utility Bills
Credit Score
Asset Statements
Denial After Conditional Approval
Can You Reapply for a Loan After Denial?
The Takeaway
Frequently Asked Questions
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About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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