1loan 
/ˈloʊn/ noun
plural loans /ˈloʊn/ noun 1 [count] : an amount of money that is given to someone for a period of time with a promise that it will be paid back : an amount of money that is borrowed
▪ He took out a loan (from the bank) to pay for the car. ▪ He got a car loan. ▪ He'll need several more years to pay off/back the rest of the loan. ▪ She needed money, so she asked her friend for a loan. ▪ a student loan [=a loan that is used to pay for a student's education] ▪ a bank loan [=a loan that is made by a bank] ▪ a personal loan [=a loan that is made by a bank to someone for a personal need] 2 [noncount] somewhat formal : permission to use something for a period of time
▪ Can I have the loan of your car? [=(more commonly) can I borrow your car?]
▪ He took out a loan (from the bank) to pay for the car. ▪ He got a car loan. ▪ He'll need several more years to pay off/back the rest of the loan. ▪ She needed money, so she asked her friend for a loan. ▪ a student loan [=a loan that is used to pay for a student's education] ▪ a bank loan [=a loan that is made by a bank] ▪ a personal loan [=a loan that is made by a bank to someone for a personal need]
▪ Can I have the loan of your car? [=(more commonly) can I borrow your car?]
on loan
: 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.
▪ 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.
