What is another word for takes on loan?
Pronunciation: [tˈe͡ɪks ˌɒn lˈə͡ʊn] (IPA) 
There are several synonyms for the phrase "takes on loan". These include borrowing, lending, renting, leasing, and securing a loan. When someone wishes to acquire funds, they may approach a bank or financial institution to secure a loan. This means that they will receive a sum of money which they will then be required to pay back, typically with interest. Alternatively, some may choose to rent or lease items such as equipment or a vehicle. Regardless of the method chosen, it is important to ensure that the individual is able to meet the necessary repayment obligations and follow the terms of the agreement.
