A loan application package is a set of documents and information that a borrower must submit to a lender in order to apply for a loan. This typically includes personal and financial information such as income statements, credit reports, employment verification, and other supporting documentation. The purpose of this package is to provide the lender with all necessary details about the applicant's ability to repay the loan, their creditworthiness, and any collateral that may be offered as security for the loan.