What Is a Loan, How Does It Work, Types, and Tips on Getting One - JOBMODE What Is a Loan, How Does It Work, Types, and Tips on Getting OneA loan is a financial arrangement in which one party (the lender) provides a sum of money or other assets to another party (the borrower) with the expectation that the borrower will repay the amount, typically with interest, over a specified period of time. Loans are a common method for individuals, businesses, and governments to Explore the world of loans with expert guidance. Learn about different types, application tips, and managing repayments. Whether it's personal, mortgage, or business loans, empower your financial decisions today.