lender
person or group that lends money
A person or group that gives money to someone and expects to get it back, usually with extra money called interest.
[a lender] gives money to [someone]
- If you miss several payments, your lender may charge extra fees.
- The lender agreed to give us more time to repay the loan.
- Always read the contract carefully before you sign anything from a new lender.
- Different lenders offered us very different interest rates.
- Her parents acted as lenders when she needed money for the move.
- The lender asks for interest on the money.
- I met with a lender to talk about a loan.
- The lender gave him money to start a shop.
- The lender and the borrower signed the paper.
- You should choose a lender you can trust.
bank or company that makes loans
A bank or special company that gives people or businesses loans as its main business.
[a lender] provides loans for [purpose]
- Several major lenders cut interest rates on home loans this week.
- The bank is the largest mortgage lender in the region.
- Online lenders are competing with traditional banks for small-business customers.
- The company is negotiating with foreign lenders to refinance its debt.
- Regulators fined the lender for giving risky loans to vulnerable customers.
- We talked to three different lenders before choosing a bank.
- The lender offers loans for small businesses.
- This lender only gives home loans.
- Some lenders work only on the internet.
- The government now has stronger rules for lenders.
person or group that lends things
A person or group that lets someone use a thing, like a book or tool, for some time and then get it back.
[a lender] provides [an object] to [someone]
- The library is the main lender of children's books in the town.
- The festival worked with a bike lender so visitors could move around easily.
- As the equipment lender, the studio is responsible for maintaining the cameras.
- The museum listed the painting's lender in the exhibition catalog.
- She acted as the lender of costumes for the school play.
- The library is a lender of books.
- Our club needs a lender of sports equipment.
- He was the lender of the tools we used.
- The museum thanked the lender of the old car.
- The school is a lender of laptops to students.
- Base: lender
- Plural: lenders
direct lender
1lender dealing with borrowers directly
A lender that gives loans straight to the borrower, without a broker or middle company.
- Working with a direct lender can sometimes lower your fees.
- The website lets you compare offers from several direct lenders.
hard money lender
1private lender using property as security
A private lender that gives short loans mainly based on the value of a house or building used as security, often at a high interest rate.
- Real estate investors sometimes use a hard money lender to close deals quickly.
- Because of the risk, hard money lenders usually charge higher interest.
institutional lender
1large formal organization that lends money
A big, formal organization, like a bank or insurance company, that gives loans as a regular part of its business.
- Most large real-estate projects are financed by institutional lenders.
- The report compared the behavior of institutional lenders and private individuals.
lender of last resort
1authority giving emergency loans to banks
A central bank or similar body that gives emergency loans to banks or countries when no other lender will help.
- During the crisis, the central bank acted as lender of last resort.
- Without a lender of last resort, failing banks might collapse completely.
online lender
1internet-based company giving loans
A company that gives loans through a website or app instead of in a physical bank office.
- She chose an online lender because the application was faster.
- Many online lenders promise quick approval and same-day funding.
payday lender
1company giving very short, small loans
A company that gives small, very short-term loans that must be paid back on or soon after the borrower's next payday, often with very high fees.
- Payday lenders have been criticized for trapping people in debt.
- In some states, new rules limit how much payday lenders can charge.
peer-to-peer lender
1platform or person arranging P2P loans
A website, app, or person that helps normal people lend money directly to other normal people, without a traditional bank.
- The company became one of the biggest peer-to-peer lenders in the country.
- Peer-to-peer lenders often advertise lower rates but higher risk.
private lender
1non‑bank person or firm lending money
A person or company that is not a bank but gives loans, often using their own money.
- The developer turned to a private lender when the bank said no.
- Private lenders may charge higher interest because they take more risk.
student loan lender
1company or agency giving student loans
A bank, company, or government group that gives loans to students to pay for school costs.
- Your student loan lender can help you change your payment plan.
- The government is the main student loan lender in that country.
mortgage lender
1Company providing home loans
A bank or company that gives people loans to buy houses or apartments.
- The mortgage lender offered them a low interest rate.
- We met with a mortgage lender to see how much we could borrow for a house.
- You should compare offers from different mortgage lenders.
- Different mortgage lenders offered very different interest rates.