Borrowed from someone or something for a period of time. This painting is on loan from the National Gallery. an actor on loan from another sitcom. Some of the workers were on loan as temporary staff.

1.Personal Loan
A personal loan is a type of unsecured loan that allows individuals to borrow a fixed amount of money and repay it over a set period in instalments. Unlike secured loans, which require collateral like a home or car, personal loans are typically approved based on the borrower`s creditworthiness and income.

2.Business Loan
A business loan is a financial product that provides businesses with funding for various purposes, such as expanding operations, purchasing assets, or improving cash flow. It`s essentially a loan from a bank or financial institution that the business agrees to repay over time, typically with interest. These loans are a way for businesses to access external funding without needing to sell ownership shares (equity) in the company.

3.Housing Loan

A housing loan, also known as a home loan or mortgage, is a type of loan specifically designed to finance the purchase, construction, or renovation of a property. It`s a secured loan, meaning the property itself is used as collateral, ensuring the lender`s repayment. This allows borrowers to acquire a property by borrowing a significant amount of money at a lower interest rate than other types of loans, typically over a long period, repaid through monthly instalments (EMIs)