English has many words that refer to the borrowing of goods and money. Two of the most common words that apply to this context are loan and lend. Do they mean the same thing? Or, are there specific circumstances in which one or the other is more appropriate? If you are applying for a loan from the bank, you will want to ensure that your writing is impeccably professional. Proper word choice is an important part of formal writing.
The word lend originated from Old English lǣnan, of Germanic origin; related to Dutch lenen, also to loan1. The addition of the final -d in late Middle English was due to association with verbs such as bend and send. The word loan originated from Middle English (also denoting a gift from a superior): from Old Norse lán, of Germanic origin; related to Dutch leen, German Lehn, also to lend.
Lend as verb:
Stewart asked me to lend him my car.
No one would lend him the money.
Loan as verb:
Loan as noun:
Whitehouse Loan is pretty decent.
Lend or loan:
Is it lend or loan? Lend and loan refer to similar concepts, but they are different parts of speech. Lend is a verb and loan is a noun. Although loan sometimes appears as a verb, too, this usage is not yet fully accepted. In formal writing, you should use loan only as a noun. Since lend and verb are both spelled with the letter E, and loan and noun are both spelled with the letter O, you should have no trouble remember when to use each of these words. Remember, despite common mistakes, these words are not interchangeable.