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bank loan

bank loan

14 2.3
An amount of money borrowed from a bank that you must pay back with interest by an agreed date
  • noun
  • /bæŋk loʊn/
translation icon : préstamo bancario
  • I applied for a bank loan to buy a new car.
  • length of a bank loan
  • commercial bank loans
  • obtain a bank loan

Everything is all bank, bank loans and credit cards and and lines of credit from banks like their assets.

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Examples

  • He'd taken out a bank loan to pay back all his debt.

    Blog text (13)
  • Can you cosign a bank loan for me?

  • And we ask for a bank loan.

  • In order to do that, you needed a bank loan.

  • On a later project, we got a real bank loan for quite a bit more money.

    Academic text (1998)
  • I'll arrange a bank loan for you.

  • We are making money accessible to people who would not normally be able to obtain a bank loan.

    Academic text (2010)
  • I remember my first bank loan for $300 40 years ago.

    Blog text (28)
  • There's nothing I can do about getting you approved for a bank loan.

  • He got a bank loan for his own boat several years ago.

Synonyms

loan
vsbank loan
2.0

An amount of money borrowed from a bank that must be paid back with interest

is the same but specifically borrowed from a financial institution

How Much

bank loan
14 2.3
microloan
  • Specialized
1 3.6

Surface Forms

bank loan singular
bank loans plural

Morphology

bank + loan

The meaning 'a sum of money borrowed from a bank' is directly derivable from combining 'bank' (a financial institution) with 'loan' (an amount borrowed). This compositional noun phrase follows a common possessive/attributive pattern found across languages, so a B1 learner who knows both words will readily understand it.

Etymology

The phrase bank loan comes from the simple picture of a bank handing you money as a loan that you must later return. That's why it means 'an amount of money borrowed from a bank, to be paid back with interest by an agreed date'.