Loan is a financial agreement between a lender and borrower, where the lender provides money to the borrower with the expectation that it will be paid back with interest over a set period of time.

Loans can be secured or unsecured. A secured loan requires the borrower to provide collateral, such as a house or car, while an unsecured loan does not require any collateral.

Loans can be used for a variety of purposes, such as to purchase a home or car, pay for education, or start a business. The terms and conditions of a loan, including the interest rate, repayment period, and fees, are typically outlined in a loan agreement.