Lend vs. Loan: Simple Guide to Understanding the Difference

Understanding the Difference Between “Lend” and “Loan”

History of the Words

The word “lend” comes from Old English “lǣnan,” which means to allow someone to use something for a time. The word “loan” also comes from Old English “lǣn,” referring to something borrowed.

How to Use “Lend” and “Loan”

Though “lend” and “loan” are similar, they are used differently in sentences. “Lend” is a verb. It means to give something to someone for a while. “Loan” is often used as a noun, meaning the thing borrowed, like money or an item.

Trick to Remember the Difference

Think of “lend” as an action you take. When you do the action of giving something temporarily, you “lend” it. “Loan” can be thought of as the item itself. When someone borrows money, they take a “loan.”

Examples Using “Lend”

• Can you lend me your pen?
• I will lend my book to Anna.
• He lent his jacket to his friend.
• They lend their car to their neighbor once a week.
• She does not like to lend her shoes.

Examples Using “Loan”

• I took a loan from the bank.
• The student needed a loan for college.
• This is a small loan for the business.
• The museum has the painting on loan.
• We repaid the loan quickly.

Summary

To sum up, “lend” is a verb used when someone temporarily gives something. “Loan” is usually a noun for what is borrowed. Remember, when you “lend,” you give; when you “loan,” you may talk about the thing given.