A loan is a financial arrangement where a lender provides money or property to a borrower with the expectation that it will be repaid, usually with interest, over a specified period. Loans are commonly used to help individuals or businesses meet financial needs that they cannot cover immediately.
A loan is an amount of money that one party (the lender) lends to another party (the borrower) with the expectation that it will be paid back with interest over a set period.Loans are a way for individuals, businesses.
A secured loan is one that is backed by some form of collateral. For instance, most financial institutions require borrowers to present their title deeds or other documents that show ownership of an asset, until they repay the loans in full.