take out a loan

(redirected from taking out a loan)

take out a loan

To receive a loan of money from creditors or a financial institution. I had to take out a loan to pay for the medical expenses. Thankfully they were able to take out a loan and implement the repairs and upgrades the health inspector had demanded.
See also: loan, out, take

take out a loan

to get a loan of money, especially from a bank. Mary took out a loan to buy a car. We will have to take out a loan to remodel the kitchen.
See also: loan, out, take