What is another word for bank loan?
Pronunciation: [bˈaŋk lˈə͡ʊn] (IPA) 
A bank loan is a popular option among business owners and individuals seeking financial help. Sometimes, using the same term can become monotonous, so it's important to be familiar with synonyms. The most commonly known synonym for bank loan is "credit". Other synonyms include personal loan, mortgage, installment plan, line of credit, overdraft, loan agreement, and secured loan. These are all types of financing provided by financial institutions or credit unions. Understanding and utilizing these terms appropriately can help individuals to enhance their financial vocabulary while also enabling them to make informative decisions for their financial future.
