bank loan

1 of 1noun

/ˈbæŋk loʊn/

Forms:bank loans

1

a sum of money borrowed from a bank that is typically repaid over a period of time with interest

She applied for a bank loan to start her own business.
The bank loan must be repaid in monthly installments.
He took out a bank loan to buy his first home.
The company secured a large bank loan for expansion.
A fixed-interest bank loan ensures stable monthly payments.