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loan office

loan office

2.7
An office that helps people apply for and pay back money they borrow
  • noun
  • /loʊn ˈɔfɪs/
translation icon : oficina de préstamos
  • Every branch has a dedicated loan office to help people apply for mortgages and other types of credit.

Examples

  • I'll call the loan office and tell them we have a little problem.

  • She visited the loan office to discuss repayment options for her student loan.

  • The loan office is open during business hours for customers who need assistance with their accounts.

How Important

exchequer
  • UK
4 8.4
loan office
2.7

Surface Forms

loan office singular
loan offices plural

Morphology

loan + office

The meaning 'an office where loans are arranged, managed, and repaid' is directly and compositionally derived from 'loan' (a borrowed amount) modifying 'office' (a place of business). This noun+noun compound follows a common English and cross-linguistic pattern, so a B1 learner who knows both constituents should readily infer the MWE meaning.

Etymology

The noun loan office comes from the simple idea of loan 'to lend money' and office 'a place of work' where staff arrange and manage loans. People go there to apply for, receive, or repay money, so loan office means the place that helps with loans and payments.