the temporary provision of money (usually at interest)
"After paying off his student loans, he took out a small personal loan to renovate his kitchen."
An act or instance of lending, an act or instance of granting something for temporary use.
"I need to pay back my loan by next month so I can get a new car."
A lonnen.
In plain English: A loan is money you borrow from someone else with the promise to pay it back later, usually with extra interest.
"She asked her friend for a loan to fix her car."
Usage: As a noun, a loan refers to money that you borrow from someone or an institution with the agreement to pay it back later, usually with interest. Do not confuse this with "lone," which means single or alone, as in a lone wolf.
To lend (something) to (someone).
"She agreed to loan me her umbrella since it started raining unexpectedly."
In plain English: To loan something means to let someone borrow it for a while with the expectation that they will give it back.
"She asked her bank for a loan to buy a new car."
Usage: To loan something means to give it temporarily with the expectation that it will be returned. Do not confuse this with "lend," which is often used interchangeably in casual speech but technically implies a more formal or contractual arrangement for borrowing money.
The word "loan" comes from the Old Norse lán, which originally meant a gift or something left over. It entered Middle English as lone and eventually evolved into its current meaning of money lent for later repayment.