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The phrase "a system of loans" is correct and usable in written English.
You can use it when discussing financial structures or arrangements involving multiple loans, often in the context of banking or lending practices.
Example: "The government has implemented a system of loans to help small businesses recover from the economic downturn."
Alternatives: "a loan framework" or "a lending system".
Exact(7)
Some of the money would go on a system of loans to allow the poorest to study at university.
The Labour leader hit out after the government decided to cut university maintenance grants for 500,000 less affluent students in favour of a system of loans.
Many brick kiln owners ensure a steady supply of cheap labour through a system of loans and debt, which ties workers to the kiln for months or years.
In Shandong he opposed the reforms of his former protégé Wang Anshi, particularly a system of loans to farmers at a low interest rate, and he refused to carry them out in his districts.
An FT report after the purchase claimed Cadbury had tax avoidance schemes in place when it was bought by the multinational, saying the chocolate-maker had a system of loans in place that allowed it to reduce its UK tax bill to just £6.4m a year on a profit of £100m.
Nearly 160 Labour MPs have signed a Commons motion saying they are concerned about the Government's plans to scrap up-front tuition fees for higher education and replace them with a system of loans and fees repayable once a student has graduated and is earning more than £15,000 a year.
Similar(53)
As the financial conditions of individual countries improve, we should create a system of loan rates that moves toward the private-market interest rate.
Why not just tell her what you've told me and work out a system of rolling loans?
Sugar subsidies in the United States work through a complex system of loans and quotas.
He said the latest figures, up to 2010, also suggested tuition fees were not a barrier to higher education - as long as there was an effective system of loans.
"I didn't get grants, I got loans, and we need to have a system of viable student loans to be able to do this". Presidential candidate Ron Paul also reminded voters last weekend that he had worked his way through college and medical school, and promised that if he was in the White House he would eliminate federal student loans altogether.
More suggestions(16)
a system of assistance
a system of differentiated
a system of funding
a system of borrowing
a system of credit
a system of mortgage
a rationing of loans
a majority of loans
a breakdown of loans
a dearth of loans
a system of committees
a package of loans
a variety of loans
a list of loans
a system of lives
a system of systems
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com