/ləʊnˈ/ – Verb
Definition: 1. cho mượn,vật cho mượn;
2. cho vay khoản tiền cho vay,
A more thorough explanation: A loan is a contractual agreement in which one party (the lender) agrees to provide money, property, or services to another party (the borrower) in exchange for repayment of the principal amount, typically with interest, within a specified period of time.
Example: The bank approved the loan application for the purchase of a new home.