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Discover LudwigThe phrase "no loans" is grammatically correct and can be used in written English.
It is typically used to indicate that something is not allowed or available to be borrowed. Example: "The bank's policy states that no loans will be given without a co-signer." In this example, "no loans" indicates that the bank will not provide any loans without a co-signer.
Exact(58)
Jazmine, 18 No loans.
I was very adamant about the No Loans.
At a college with a generous no-loans financial aid policy, there are no loans to reduce, so the receipt of a scholarship (regardless of the source) leads to the displacement of need-based institutional grants.
Mr. Romney made no loans.
There's no loans.
We made no loans in Portugal.
I have no loans in Russia.
So far it has made no loans tied to casinos.
One child got no loans, another a few hundred dollars.
At present, there are no loans outstanding under the swaps.
Similar(1)
Because of their large endowments, top private schools may be able to offer better aid packages than less expensive schools, and some (e.g., Princeton) have committed to a "no-loans" aid policy.[1].
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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