Sanctioned and pending for release of amount what does it mean
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'Sanctioned and pending for release of amount': - This means that the loan one has applied for, has been sanctioned, meaning that the company/bank has approved of the loan amount.
This can be disbursed in a moment's notice. Now, it depends on the one, who has applied for this loan, when he wants the disbursement.
Till then, it will be pending the validity of the sanctioned letter.
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