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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 • 648 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

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