Meaning of “package loan” in the English Dictionary

business-english dictionary

"package loan" in Business English

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package loannoun [ C ]

uk us PROPERTY, BANKING

a loan used to buy a house, which finances not only the property but personal items, such as furniture, carpets, etc. that are included in the sale:

Consider a package loan if you are purchasing a fully-furnished condo.

(Definition of “package loan” from the Cambridge Business English Dictionary © Cambridge University Press)