loan

Also known as money loan, monetary loan

thumb|right|Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936

AI overview

A loan is money that a lender gives to a borrower with the agreement that it will be paid back, typically with added interest charges. Loans matter because they allow people and businesses to access money they need now for purchases or investments, while spreading the cost of repayment over time.

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Commons category: Loans

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~10 min read

Article

15 sections

Contents

Types
Secured
Unsecured
Demand
Subsidized{{anchor|Subsidized loan}}
Concessional
Target markets
Personal
Commercial
Loan payment
Abuses in lending
United States taxes
Income from discharge of indebtedness
See also
References

thumb|right|Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936

In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.