A loan is a financial arrangement in which money is borrowed from a bank, financial institution, or lender with the agreement to repay it over time, usually with interest. Loans help individuals and businesses meet financial needs such as buying a home, starting a business, paying for education, or handling emergencies.

Different types of loans include personal loans, home loans, business loans, education loans, car loans, and secured or unsecured loans. Each loan has specific eligibility criteria, interest rates, repayment schedules, and terms.

Loans provide financial support but must be managed responsibly, as timely repayment helps maintain a good credit score and financial stability.