Glossary

Best Loans Glossary Welcome to our glossary section.

If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.

Underwriting

As used in the case of personal loans, the underwriting process describes the factors which are reviewed and considered before a decision on the application can be made. In the case of brokers, underwriting may also include a search of prospective lenders for the most suitable loan plan.


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