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.

take out a loan vs take a loan

Both "take out a loan" and "take a loan" are correct phrases, but they are used in slightly different contexts. "Take out a loan" is more commonly used and refers to the action of obtaining a loan from a financial institution. On the other hand, "take a loan" is less common and may sound a bit more informal. It is used to express the idea of borrowing money without specifying the source.

Last updated: March 19, 2024 • 630 views

take out a loan

This phrase is correct and commonly used in English.

This phrase is used when someone obtains a loan from a financial institution.

Examples:

I need to take out a loan to buy a new car.
She decided to take out a loan to start her own business.
They took out a loan to renovate their house.

Show examples from the web [+]

If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the ...
Jun 7, 2022 ... Every loan is different, but a few basic steps can help you navigate the process. Learn more before you take out a loan.
A proper lender won't corner you and understands that the decision to take out a loan may require some time to think over. The lender has no physical ...
May 31, 2021 ... If you take out a loan and pay the seller in cash, you may end up better off in the long run. You want to consolidate credit card debt. Debt ...
Sep 21, 2023 ... Can I take out a loan on my life insurance? ... You can use your permanent policy's cash value as collateral to take out life insurance loans, but ...
Jun 16, 2016 ... Can I take out a loan and invest it at higher interest? · 3. Clasic arbitrage scenario. · 10. @PeteB. · 2. Good luck getting 3,3% on successful ...
May 25, 2016 ... All related (37). Recommended. Profile photo for ChatGPT. ChatGPT. ·. Bot. If you were able to take out a loan from a bank and use it to buy ...
Mar 10, 2019 ... Should I take out a loan and give it to my friend to invest on my behalf? Edit: By "family friend" I mean a good friend that I and my family ...
Jul 9, 2015 ... Is it a crime to take out a loan with no intention to repay? · The borrower received a single unsecured loan in the amount of $10,000. · The ...

Alternatives:

obtain a loan
get a loan
apply for a loan
secure a loan
borrow money

take a loan

This phrase is correct but less common in English.

This phrase is used to express the idea of borrowing money without specifying the source.

Examples:

I might need to take a loan to cover the expenses.
She took a loan from a friend to pay for the repairs.
They decided to take a loan to fund their trip.

Show examples from the web [+]

Mar 11, 2015 ... (See also: 6 Times You Should Never Take a Loan). Whether it's an unplanned financial emergency or a necessary, major purchase, there are ...
... a poor decision to take a loan and that's not even taking into consideration that the .... Take a loan against your 401K to break free of the scum bag banksters.
Jan 28, 2015 ... Nice article. I'd like to add that the best time to take a loan is when you don't need it. By that I mean to avoid waiting until cash flow is an issue.
But before you take a loan, it's important to consider all the potential costs and ramifications of doing so. They're not always obvious, so be sure to take a close ...

Alternatives:

borrow money
get a loan
take a loan out
obtain a loan
secure 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 (4.9).

"Thank you!"
Sachi Nakama July 2024
"I have literally been through chat, PI, claude, bard and bing and I got conflicting answers! Thank you! Human intelligence reigns!"
Retha July 2024
"Faster than AI"
CYNTHIA December 2023
"This was very helpful and I personally think this site is the best."
Kaden October 2023
"It was extremely thorough and very helpful!"
imperialelisa October 2023
"7 years without any disappointment. Always 100% satisfied. You guys are the best in the world at what you do. Thank you so much :)"
Zubair Alam October 2023
"In a world of text messages and online communication, this is great to have as a live tool. Thank you."
Selena October 2023
"Without textranch I would be stuck!"
宏祐 October 2023
"Accuracy and fast response. Personal comments from editor. Thank you."
Clh September 2023
"I wasn't aware of this service, it's fascinating and more reliable than standard IA tools available on the internet"
Arturo September 2023
"The fact that you can get reliable fast feedback on your texts."
Vinicius Antonio August 2023
"you guys are better than grammarly i'm being honest here"
ordinary July 2023
"OMG! This is really good than any other text correction tools I've used so far. Highly recommend this."
Vehan July 2023
"Very fast and accurate. thank you."
mojtaba July 2023
"I love this app because it's help to writing skills all of students ♥️"
Tarisini July 2023
"This was exactly the mistake I was looking for, the wording dind´t sound right at first. Better than grammarly!"
Ente July 2023
"The immediate help that I received was reassuring and very satisfactory. Thanks."
priiiyanshuu July 2023
"this helps A LOT for my studies."
kathnunez02 June 2023
"Woow!! I would never have expected such precision! Thank you soooo much!!"
Berta June 2023
"Real Time Editor and not AI. Many Thanks."
Priya June 2023
"The very first thing excites me about Textranch is how much your editors care."
sepideh June 2023
"The fact that texts are checked by human editors rather than by AI, etc. I appreciate this!"
Анна June 2023
"Feel welcome, immediate response, high quality feedback"
martin.roy June 2023
"This is the best app that I have ever seen"
Burulai May 2023

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!