What is the difference between loan and lending?

[Gabriel555]

Nowadays I always heard people talking that they are go into loan and some from lending.I dont have any idea which is better loan or lending?All I understand that they have interest.Which is bigger interest ,the loan or lending?

[paylan]

loan meaning you get money to pay for something else. But you have to eventually pay that back. and lend means you give someone some cash or something .

[Gabriel555]

Originally Posted by paylan

loan meaning you get money to pay for something else. But you have to eventually pay that back. and lend means you give someone some cash or something .

Thanks for your reply. Now I got the difference between loan and lend.

[chicagorox]

You could have just consulted the dictionary, but ok...

[vikramrandhawa]

If the loan is not repaid and falls into default, the lender may seize and sell the collateral to pay off the loan amount.That is called assest based lending.
When as when an individual borrows money to purchase a home or car, the house or the vehicle serves as collateral. Other assets, which may have been used for loan qualification purposes, typically are not considered direct collateral for the loan.

[Creditguard]

Loan: means you get money to pay for something else. But you have to eventually pay that back.

You lend something to someone else. That means you give someone some cash or something else.

[Gabriel555]

Originally Posted by vikramrandhawa

If the loan is not repaid and falls into default, the lender may seize and sell the collateral to pay off the loan amount.That is called assest based lending.
When as when an individual borrows money to purchase a home or car, the house or the vehicle serves as collateral. Other assets, which may have been used for loan qualification purposes, typically are not considered direct collateral for the loan.

I think you are right. Thanks for your nice replay.

[sakthi]

You loan something - meaning you get money to pay for something else. But you have to eventually pay that back.

You lend something to someone else. That means you give someone some cash or something .

[conanalcimedes]

Loan is an arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time.

[Michael01]

Loan is the debt amount which you borrow from someone which have to pay back and in this way you become borrower.. Lending is the process where you give money to some borrower and he will pay you back and in that way you becomes lender.