B2nounmoney
US/loʊn/
UK/ləʊn/
an amount of money that you borrow and must pay back, usually with interest
In context
They took out a loan from the bank to open a second shop.
Students can apply for a government loan to cover their tuition fees.
It will take us twenty years to repay the loan on this house.
Words that go with loan
verb + noun
- take out a loanThink carefully before you take out a loan to buy a car.
- repay a loanSmall farmers often struggle to repay a loan after a bad harvest.
- apply for a loanYou need proof of income to apply for a loan.
noun + noun
- bank loanWithout a bank loan, the project would never have started.
- student loanShe is still paying back her student loan at forty.
noun + preposition
- loan toThe bank approved a loan to the new company.
Common mistakes
Incorrect:
I loaned money from my friend.Correct: I borrowed money from my friend.