property loan
nounUK /ˈprɒpəti ləʊn/
US /ˈprɑːpərti loʊn/
A property loan is money you borrow to buy a house or land.
They took out a property loan to buy their first home.
RELATED WORDS
OTHER MEANINGS
2. A loan secured by real estate as collateral.
The bank approved a property loan secured by the apartment building.
3. Money lent to a business for buying or developing land.
The developer used a property loan to fund the new shopping center.
4. A sum borrowed against the value of owned property.
She used a property loan to renovate her house.