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Loan Definitions:

  • the temporary provision of money (usually at interest)

  • lend: give temporarily; let have for a limited time; "I will lend you my car"; "loan me some money"

  • loanword: a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English

  • A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the ' and the '. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.

  • Borrowing from the insurer and securing the amount of the loan by the cash value in the life insurance policy. If the insured dies when there is an outstanding loan balance, the amount of the loan and any unpaid interest will be deducted from the proceeds.

  • money borrowed that is usually repaid with interest.

  • An amount of money a borrower will take out from a lender to pay for a purchase.

  • A loan is a type of financial aid that must be repaid, with interest. The federal student loan programs (Federal Family Education Loan Program and Federal Direct Student Loan Program) are a good method of financing the costs of your college education. These loans are better than most consumer loans because they have lower interest rates and do not require a credit check or collateral. The Stafford Loans and Perkins Loans also provide a variety of deferment options and extended repayment terms.

  • That which one lends or borrows, esp. a sum of money lent at interest; as, he repaid the loan.

  • A mortgage loan insured by Canadian Mortgage and Housing Corporation (CMHC).

  • A sum of borrowed money (principal) that is generally repaid with interest. Loan-to-Value Ratio The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage. Lock Lender's guarantee that the mortgage rate quoted will be good for a specific number of days from day of application. M Margin The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate. ...

  • Transaction whereby an owner of property (lender) grants another party (borrower) to use the property for a specified length of time. The borrower promises to return the property and to pay a fee (interest) for its use. When the property is cash, the borrower signs a promissory note. A loan may be secured with collateral or unsecured.

  • The principal, or amount of total borrowed money, that is repaid with interest.

  • An amount borrowed to be repaid at a later date, with interest.

  • A loan made by a life insurance company from its general funds to a policy owner on the security of the cash value of a policy.

  • A loan which is repaid by a series of small, periodic payments until a given date, when either the balance comes due in a single, large payment or the amount of the payments rises significantly.

  • Type of financial aid, which must be repaid, with interest.

  • A sum of money borrowed (principal) usually for a specific reason (eg to obtain an education). The bank lending the money usually charges interest for use of the money. The amount borrowed is typically repaid with interest over a period of time.

  • An advance of funds from a lender to a borrower on the agreement that the borrower pays interest on the loan, plus pay back the initial amount of the loan at or over an agreed time.

  • When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money, along with interest, at a predetermined date in the future.

  • A loan which is technically in default but under which the lender (mortgagee) is attempting to assist the borrower (mortgagor) in restructuring the terms of the loan or the time of repayment rather than proceeding with foreclosure.

  • money lent at interest. A lender makes a "loan" with the idea that it will be paid back as agreed and that interest will be paid for the use of the money.

  • Money owned by one party and used by another. It is repaid under specific terms and rates of interest.

  • something given temporarily, as in: Remember, this book is a loan, not a gift.

  • A type of financial aid that is available to students and to the parents of students. An education loan must be repaid. In many cases payments do not begin until the student finishes school.

  • A binding pledge made by the lender to the borrower to make a loan, usually at a stated interest rate within a given period of time for a given purpose, subject to the compliance of the borrower to stated conditions.

  • Legally binding document which obligates a specific value of funds available for disbursement. The amount of funds disbursed is to be repaid (with or without interest and late fees) in accordance with the terms of a promissory note and/or repayment schedule.

  • Borrowing a book. "On loan" means the book is not in the library because it has been borrowed.

  • a sum of money transferred to another for temporary use, to be repaid with or without interest according to terms of the loan agreement written in the accompanying bond, note, mortgage or other document of indebtedness. Loan is the noun. Lend (past tense lent) is the verb.