existing loans of

USAGE SUMMARY

The phrase "existing loans of" is correct and usable in written English.
It can be used when referring to loans that are currently active or in place, typically in financial or legal contexts. Example: "The bank is reviewing the existing loans of its clients to assess their repayment capabilities."

✓ Grammatically correct

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

It has also put back the repayment of existing loans of £30.6m owed to Veronis Suhler Stevenson to 12 July.

The Guardian

The university would use the cash premium to pay off existing loans of £20m, put £25m into a fund for refurbishing the halls over the period of the lease, and have nearly £20m left over for investing in income-generating activities.

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

He can't borrow from the bank, or margin his existing loans, on the basis of the cash behind his shares.

Forbes

Mr Sarris is hoping to convince the Russians to extend an existing loan of €2.5bn.

Independent

Under the initiative, the commercial banks will be able to exchange collateral, such as existing loans for pieces of paper known as Treasury bills, on which they will pay an interest rate of 0.25%.

BBC

They noted that because the World Bank depends on repayments of existing loans to have money for new loans or for the grants, it would encounter a shortfall and have less money to use under Mr. Bush's proposal.

The New York Times

That was the impression on Wall Street this week after the IMF's decision to offer Brazil a new $15 billion loan package, while merely accelerating $1.2 billion of existing loans for Argentina.

The Economist

They will also have to provide new loans to revive Daewoo firms, and to swap some of their existing loans for shares in the companies.

The Economist

Not be delinquent on any existing loans to the government.

WikiHow

He dismisses speculation that the government might force the private sector to hand over its currency earnings, as Argentina has done.To help the government shore up its defences, the IMF could relax the conditions of its existing loan to Brazil, such as by letting the Central Bank spend more of its reserves to defend the real (at present, these must not fall below $15 billion).

The Economist

In early 2007, when the current crop of bad loans were being made, less than one-third of 1 percent of existing loans were delinquent.

The New York Times

Expert writing Tips

Best practice

When discussing financial agreements or obligations, use "existing loans of" to clearly specify loans that are currently active and haven't been fully repaid. This is particularly useful in legal, accounting, or banking contexts.

Common error

Avoid using "existing loans of" when referring to newly issued loans. "Existing" indicates a loan that is already in place, whereas a "new loan" signifies one that has just been originated. Be precise to prevent misunderstanding in financial discussions.

Linguistic Context

The phrase "existing loans of" functions as a prepositional phrase, modifying a noun by specifying which loans are being referred to. As Ludwig AI confirms, this term correctly refers to loans that are currently active or in place.

Expression frequency: Uncommon

Frequent in

News & Media

67%

Formal & Business

33%

Science

0%

Less common in

Wiki

0%

Reference

0%

Academia

0%

Ludwig's WRAP-UP

In summary, "existing loans of" is a grammatically sound phrase used to denote loans that are currently active. As Ludwig AI confirms, this phrase is generally correct, and its use is primarily found in news and business contexts. While not exceedingly common, the phrase serves a vital function in specifying financial obligations, whether in reporting or formal discussions. When writing, remember to differentiate it from "new loans" and consider alternatives like "current loans of" or "outstanding loans of" for nuanced communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

current loans of

Replaces "existing" with "current", emphasizing the present status of the loans.

active loans of

Employs "active" in place of "existing", signaling that the loans are in operation.

outstanding loans of

Substitutes "existing" with "outstanding", highlighting the fact that the loans are yet to be fully repaid.

present loans of

Uses "present" instead of "existing", focusing on the loans that are active now.

loans currently held by

Restructures the phrase to emphasize the holder of the loans, with a shift in focus.

loans in place of

Uses a different structure that emphasizes the fact that those loans have already been established.

incumbent loans of

Replaces "existing" with "incumbent", which is a more formal term for currently held positions.

loans that are in effect

Changes phrase to highlight the loans which are legally binding and operational

loans now in effect

Using "now" emphasizes the immediate presence and enforceability of the loans.

on-going loans

Uses a shorter structure, that emphasizes the fact that these loans are still in movement.

FAQs

How can I use "existing loans of" in a sentence?

You can use "existing loans of" to refer to loans that are currently active. For example: "The bank is reviewing the existing loans of its clients to assess their repayment capabilities."

What are some alternatives to "existing loans of"?

You could use alternatives such as "current loans of", "outstanding loans of", or "active loans of" depending on the nuance you want to convey.

Is there a difference between "existing loans of" and "new loans of"?

"Existing loans of" refers to loans that are already in place, while "new loans of" refers to loans that have just been issued. The former implies an ongoing obligation, the latter a recent transaction.

When is it appropriate to use the phrase "existing loans of"?

Use "existing loans of" when discussing a portfolio or set of loans that are currently active, particularly in financial contexts, like auditing, refinancing, or assessing risk.