TextRanch

The best way to perfect your writing.

Discover why 1,062,726 users count on TextRanch to get their English corrected!

1. Input your text below.
2. Get it corrected in a few minutes by our editors.
3. Improve your English!

One of our experts will correct your English.

Our experts

He had a loan vs He has a loan

Both phrases are correct, but they are used in different contexts. 'He had a loan' is used when referring to a past situation where someone possessed a loan. 'He has a loan' is used when talking about a current situation where someone still possesses a loan.

Last updated: March 29, 2024 • 1129 views

He had a loan

This phrase is correct and commonly used when referring to a past situation where someone possessed a loan.

This phrase is used to talk about a loan that someone possessed in the past. It indicates that the loan was acquired at some point in the past.

Examples:

  • He had a loan from the bank last year.
  • She had a loan for her car, but she paid it off.
  • They had a loan for their house before they moved.
  • I had a loan for my education when I was in college.
  • The company had a loan to expand its operations.
  • He had to take a loan out from the DL.
  • Once he had a fair amount of honest citizens in his debt, Well, he made the transition into being a loan shark.
  • Newly originated SME loans are partly covered by the programme contribution on a loan by loan basis up to a certain amount (Cap).
  • Please define the A-Loan Loan to Value Method of calculation.
  • On 29 December 2005, [another private creditor] converted interest rates into a loan amounting to approx. EUR 1532500 with a loan period until the end of 2010.
  • Moreover, he could not have anticipated the sale, as he had come to an arrangement with his bank on the repayment of a loan.
  • He had no problem getting Harry Cohn to agree to a loan-out,
  • We'll get a loan to pay the loans. That's how it's done.
  • Loan Two was a loan from FIH Erhvervsbank to Newco of approximately DKK 13,45 billion (EUR 1,8 billion).
  • The conditions of the shareholder loans in 2006-08 were determined on the basis of a loan agreement between Sachsen LB and MFAG.
  • Illustration: A securitisation/ loan transfer is simply the sale of a loan to a third party.
  • The total amount of a loan partially or totally classified as a bad loan is excluded from interest rates statistics.
  • Greece has received a package of coordinated bilateral loans from Member States as well as a loan from the IMF.
  • As soon as they are transformed into a loan, they shall be classified as loans to households for house purchases.
  • He had shot for three days... and wanted to replace the director who was on the film... and asked if Stanley could be acquired, sort of on a loan-out basis.
  • To finance this reorganisation, the company took out additional loans (a loan of DEM 375000 at the Dresdner Bank AG and a loan of DEM 725000 at the Sparkasse Erfurt) in the fourth quarter of 1996.
  • Ireland has received a package consisting of bilateral loans, a loan from the European Financial Stability Facility (EFSF) and also a loan from the IMF.
  • Maybe, but I just got hit for a loan.
  • Yesterday you were a loan shark.
  • He's a loan shark alright, but he'd never admit it.

Alternatives:

  • He took out a loan
  • He borrowed money
  • He was granted a loan

He has a loan

This phrase is correct and commonly used when talking about a current situation where someone still possesses a loan.

This phrase is used to indicate that someone currently has a loan. It refers to the present possession of a loan.

Examples:

  • He has a loan with the bank that he is still paying off.
  • She has a loan for her business that she needs to repay.
  • They have a loan for their new car.
  • I have a loan for my house that I am managing.
  • The company has a loan to fund its projects.
  • He has a hefty student loan.
  • Because he has been refused a loan, he will not be able to buy a house or flat in Finland, and the father-son relationship will thus be curtailed.
  • He has a bank and loans money to ranchers.
  • He has a list of the loans that Dickson made last month.
  • Newly originated SME loans are partly covered by the programme contribution on a loan by loan basis up to a certain amount (Cap).
  • Please define the A-Loan Loan to Value Method of calculation.
  • On 29 December 2005, [another private creditor] converted interest rates into a loan amounting to approx. EUR 1532500 with a loan period until the end of 2010.
  • He borrowed some money from me, and just like anybody who borrows money or has a loan to pay, he has to make payments.
  • We'll get a loan to pay the loans. That's how it's done.
  • Loan Two was a loan from FIH Erhvervsbank to Newco of approximately DKK 13,45 billion (EUR 1,8 billion).
  • The conditions of the shareholder loans in 2006-08 were determined on the basis of a loan agreement between Sachsen LB and MFAG.
  • Illustration: A securitisation/ loan transfer is simply the sale of a loan to a third party.
  • The total amount of a loan partially or totally classified as a bad loan is excluded from interest rates statistics.
  • Greece has received a package of coordinated bilateral loans from Member States as well as a loan from the IMF.
  • As soon as they are transformed into a loan, they shall be classified as loans to households for house purchases.
  • To finance this reorganisation, the company took out additional loans (a loan of DEM 375000 at the Dresdner Bank AG and a loan of DEM 725000 at the Sparkasse Erfurt) in the fourth quarter of 1996.
  • Ireland has received a package consisting of bilateral loans, a loan from the European Financial Stability Facility (EFSF) and also a loan from the IMF.
  • He has more than that in the medicine closet I talk to him in the morning and arrange a loan
  • Maybe, but I just got hit for a loan.
  • Yesterday you were a loan shark.

Alternatives:

  • He currently holds a loan
  • He is in possession of a loan
  • He is still repaying a loan

Related Comparisons

What Our Customers Are Saying

Our customers love us! We have an average rating of 4.79 stars based on 283,125 votes.
Also check out our 2,100+ reviews on TrustPilot (4.9TextRanch on TrustPilot).

Why choose TextRanch?

Lowest prices
Up to 50% lower than other online editing sites.

Fastest Times
Our team of editors is working for you 24/7.

Qualified Editors
Native English experts for UK or US English.

Top Customer Service
We are here to help. Satisfaction guaranteed!