home loan
noun/ˌhəʊm ˈləʊn/
/ˌhəʊm ˈləʊn/
(informal)- a mortgage (= a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow)
- The bank claimed its new home loan rate was one of the lowest on the high street.
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
Check pronunciation:
home loan