What does it mean to be pre-approved for a Personal Loan offer?

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When you see a pre-approved offer, it means the lender has determined that you meet certain approval criteria based on a soft pull of your credit profile (which does not affect your credit score). Pre-approval is a strong signal that you are likely to be approved for the loan offer shown. Pre-approved offers are conditional commitments for an exact rate from a lender. The rates are subject to change but are very rarely different than the rate you’ll see.

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