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Take out a loan Meaning in English

expression

TAYK-OWT-uh-LOHN
TAYK-OWT-uh-LOHN

Definition

To borrow money from a bank or financial institution, usually by signing an agreement to pay it back later with interest.

Usage & Nuances

Commonly used with 'bank', 'student', or 'car' (e.g., 'take out a bank loan'). Always involves formal procedures and repayment with interest. Less formal: 'get a loan'. Do not confuse with 'take out' in other contexts (e.g., 'take out the trash').

Example Sentences

I need to take out a loan to buy a new car.

basic

She decided to take out a loan for her studies.

basic

Many people take out loans to buy houses.

basic

We couldn't afford that trip unless we took out a loan.

natural

After losing his job, he had no choice but to take out a loan to pay the bills.

natural

If you take out a loan, make sure you understand all the terms first.

natural