{"id":144143,"date":"2021-02-22T14:45:50","date_gmt":"2021-02-22T09:15:50","guid":{"rendered":"https:\/\/cbselibrary.com\/?p=144143"},"modified":"2021-02-22T14:46:18","modified_gmt":"2021-02-22T09:16:18","slug":"sanction-letter","status":"publish","type":"post","link":"https:\/\/cbselibrary.com\/sanction-letter\/","title":{"rendered":"Sanction Letter | What is Sanction Letter? Whom Give it and Documents Required for Sanction Letter"},"content":{"rendered":"

Sanction Letter:<\/strong> What is a Sanction letter? A sanction letter (or a Home loan Sanction letter) is often used in the context of banking and loans. This is a formal letter issued by a bank to an individual who has applied for a home loan and is eligible to avail a certain portion of that loan. This letter is also used by financial institutions for the same purpose as well. However, the letter is only granted if the applicant fulfills certain criteria set by the bank or the financial institution.<\/p>\n

Get Other Types of\u00a0Letter Writing<\/a>\u00a0like Formal, Informal and Different Types of Letter Writing Samples.<\/p>\n

Who Gives a Sanction letter?<\/h2>\n

As stated above, sanction letters are provided by the bank or a financial institution to an applicant after they are found to be eligible for receiving a portion of the loan. To ensure eligibility, the bank or financial institution will often require the applicant to submit certain documents to check the credit history of the applicant. This is done in order for the bank or the financial institution to verify whether the applicant is capable of repaying the loan amount.<\/p>\n

Sanction letter – List of Documents Often Required for Application Process<\/h3>\n

If the applicant has applied for a loan, they will be required to provide all or at least most of the documents mentioned below:<\/p>\n