a loan of / a credit of

slavipet

Senior Member
Bulgaria
Hi everyone,
When one takes a loan from a bank, is it a loan or is it a credit? Is the use of loan /credit in the following case redundant? Here is some context:"They took a loan of 850 000 levs from the bank"
Thanks in advance for taking the time to consider my issue:)
 
  • oiseauxlahaut

    Member
    English & Hebrew
    It's a loan- the sentence you have is almost completely correct, but in english we usually say "take out a loan" (so "They took out a loan of 850,000 levs from the bank").
     

    SwissPete

    Senior Member
    Français (CH), AE (California)
    It would depend on the bank, and what fancy name they want to give to that department. If if were up to me, I would call it the "Loan Department". In fact, banks often have "Loan Officers".
     
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