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FAQ: Bills & Payments

- What are loans?

A loan is a type of bill used to lend money to a friend, or borrow from them. For example, you might lend a friend £20 on a night out when they run out of money, or ask a friend to lend you some money for an upcoming holiday.

Like other types of bill, loans are the request to borrow money, and Payments can be made against them to complete the loan.