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Discover LudwigThe phrase "a specific loan amount" is correct and usable in written English.
You can use it when referring to a particular sum of money that is being borrowed or requested in a financial context.
Example: "To proceed with the application, please specify a specific loan amount that you wish to request."
Alternatives: "a designated loan sum" or "a particular loan figure."
Exact(2)
Would you be better off paying 3 percent of your income for 20 years, or 6.8 percent on a specific loan amount?
For instance, he said, unless a lender makes a firm offer of credit — with a specific loan amount, a percentage rate and the length of the payoff term — the call violates the federal Fair Credit Reporting Act.
Similar(58)
"If the Bank of England thinks some borrowers are being offered excessive amounts of debt, they can limit the proportion of high loan-to-income mortgages each bank can lend, or even ban all new lending above a specific loan-to-income ratio.
In reality, this document pre-approves you up to specific, predetermined loan amount.
Lenders will multiply that amount by 4, to come up with a maximum loan amount of $144,000.
As humans, we are hardwired to avoid loss (down payment) more than to pursue an equivalent gain (loan amount), a concept known as loss aversion.
For the purposes of this article, let's assume a loan amount of $225,000.
Amortization is the process of decreasing a loan amount by regular payments.
For a $3 million property, the loan amount would be $2.1 million.
Points are expressed as a percentage of the loan amount.
It did not set a specific dollar amount.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com