loan
[noun]
Synonyms:
- advance, credit
[verb]
Synonyms:
- lend, advance, let out

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English Thesaurus: loan, mortgage, interest, overdraft, debt, ...

[TahlilGaran] English Synonym Dictionary ▲

I. loan¹ S2 W2 /ləʊn $ loʊn/ noun
[Date: 1100-1200; Language: Old Norse; Origin: lan]

1. [countable] an amount of money that you borrow from a bank etc
loan of
a loan of £60,000
I had to take out a loan to buy my car.
It’ll be years before we’ve paid off the loan.

2. [singular] when you lend something to someone
loan of
Thanks for the loan of your camera.

3. on loan (from somebody/something) if something or someone is on loan, they have been borrowed:
The book I wanted was out on loan.
paintings on loan from the Louvre
Cantona initially went on loan to Leeds United.

[TahlilGaran] Dictionary of Contemporary English ▲

II. loan² verb [transitive]

1. American English to lend someone something, especially money
loan somebody something
Can you loan me $5?
Jeff’s loaned us his car for the weekend.

2. (also loan out British English) to lend something valuable to someone:
The National Library has loaned several manuscripts.
loan something to somebody/something
Two of the steam trains have been loaned to other railways.

[TahlilGaran] Dictionary of Contemporary English ▲

loan
noun
ADJ. large, massive | long-term, short-term | interest-free, low-interest | secured, unsecured As it was an unsecured loan, their property was not at risk.
outstanding They used the inheritance to pay off their outstanding loan.
personal | bank | bridging, temporary
VERB + LOAN apply for, ask for, request | arrange, get, raise, take out She had to take out a bridging loan until she could sell her house.
give sb, grant sb, make sb My bank manager offered to make me a loan.
receive | pay off, repay | secure, underwrite
LOAN + VERB average sth, total sth loans totalling a million pounds
LOAN + NOUN application | agreement, arrangement, deal | charges, interest, rate | repayment They were struggling to meet their monthly loan repayments.
commitments | facility, service The bank provides personal loan facilities at competitive rates.
period The book must be returned by the end of the loan period.
shark He ran up massive debts borrowing from loan sharks.
PREP. on ~ (from) The paintings are on loan from the Wallace Collection.
~ from a loan from my brother
PHRASES give sb/have the loan of sth He's given us the loan of his car for the weekend.
security against/for a loan He had to use his house as security for the loan.
 ⇒ Special page at BUSINESS

[TahlilGaran] Collocations Dictionary ▲

loan

take out a loan (=borrow money)
Most home buyers take out a loan.
repay/pay off/pay back a loan (=give back the money you borrowed, usually over a period of time)
You can repay the loan early without a penalty.
give somebody a loan
I hoped to persuade my bank manager to give us a loan.
make a loan (=give someone a loan)
Banks are cautious about making new loans.
ask for/apply for a loan
He asked his father for a loan.
get a loan
She got a loan from the bank.
secure a loan (on something) (=agree to give the lender something if you do not pay back the loan on time)
The loan was secured on his home.
a £20,000/$5,000 etc loan
The company asked for a £100,000 loan.
a bank loan (=money lent by a bank)
What is the interest you will pay on a bank loan?
a home/car loan (=a loan to buy a home or a car)
They took out a thirty-year home loan.
a personal loan (=money lent to a person, rather than a company)
If you want money for a specific purchase, you can get a personal loan.
a business loan (=money lent to a business)
The bank offers a range of business loans to meet the needs of small businesses.
a student loan (=money lent to a student to pay for university)
Many college graduates are paying off huge student loans.
a long-term/short-term loan (=to be paid back after a long/short time)
I intended the money as a short-term loan.
an interest-free loan (=on which you pay no interest)
They offer an interest-free loan for two years.
a low-interest loan
a low-interest loan to the country from the International Development Association
a loan repayment
your monthly loan repayments
a loan agreement (=that says how much the loan will be, how much you will pay back each month etc)
Read the terms of your loan agreement carefully.

[TahlilGaran] Collocations Dictionary ▲

loan
verb
BAD: The military government loaned millions of dollars from the world bank.
GOOD: The military government borrowed millions of dollars from the world bank.

Usage Note:
loan = (1) (noun) a sum of money that you borrow, usually from a bank: 'They are currently negotiating a $100 million loan.'
(2) (verb) lend a painting, work of art etc to an art gallery or museum: 'The pictures have been loaned to the National Gallery for the forthcoming exhibition.'
(3) (verb; especially in American English) let someone use something; lend: 'Why don't you ask John if he'll loan you his car?'
borrow = receive money or something that a bank or person agrees to lend you: 'By the end of the war the Canadian government had borrowed over $5 million from its own citizens.'

[TahlilGaran] Dictionary of Common Errors ▲

loan noun [countable] an amount of money that is borrowed, especially from a bank or company, which you agree to pay back by the end of a period of time:
We took out a loan to buy a new car.
He is paying back a $50,000 loan.
mortgage noun [countable] a large amount of money that someone borrows from a bank or company to buy a house:
Nick told me the mortgage on his apartment is worth about $90,000.
Anyone taking out a mortgage should be aware that interest rates can go up at any time.
It took my parents nearly thirty years to pay off their mortgage.
interest noun [uncountable] money that you pay for borrowing money, especially that you pay every year or every month at a fixed rate:
Credit companies charge huge amounts of interest.
What’s the interest on the loan?
overdraft noun [countable] British English the amount of money that you owe to bank when you have spent more money than you had in your account:
I left university with no job and a big overdraft.
20% of the bank’s customers regularly use their overdraft facility.
You have to pay a fee for unauthorized overdrafts.
debt noun [uncountable and countable] an amount of money that a person or organization owes:
The company now has debts of almost £2 million.
A lot of the money went towards paying his debts.
The family were $100,000 in debt (=they owed $100,000).
credit noun [uncountable] an arrangement with a shop or bank that allows you to buy something and pay for it later:
We bought the furniture on credit.
He had a credit limit of £7,000.

[TahlilGaran] English Thesaurus ▲