on loan basis

USAGE SUMMARY

"on loan basis" is correct and can be used in written English.
It is an idiom that means "for a temporary period of use". For example: "The library allows students to borrow books on a loan basis."

✓ Grammatically correct

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

"Other customers may come and want to take medicine on loan basis, so if you tell them to go to health facility, they will not go because they do not have money, so you just give them medicine" (dispenser and owner, Songea urban).

Antimicrobial Resistance and Infection Control

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

However, some companies will provide their employees on an "on-loan" basis instead.

TechCrunch

No fewer than 11 men are registered to Watford on a loan basis.

The New York Times - Sports

As he wrote in his own autobiography in 1976, "I offered to finance her lessons — on a loan basis.

The New York Times - Books

While Mangala was considered as a makeweight on a loan basis for any deal that could bring Valencia's Nicolás Otamendi to City, the Frenchman is now to stay at the Etihad Stadium.

The Guardian - Sport

He also noted that Mrs. Clinton has advocated having the Strategic Petroleum Reserve release oil on a loan basis, rather than selling it, with the oil companies that take it promising to replace it later so that in the long run, the level of the reserves would not be affected.

The New York Times

Fifa said in a statement: "We can confirm that the player Didier Drogba submitted a request for authorisation to be registered outside an open registration period for a club on a loan basis.

BBC

The pre-publication history for this paper can be accessed here: http://www.biomedcentral.com/1471-230X/9/24/prepub We thank the Olympus Corporation of America for providing the ScopeGuide System to our endoscopy unit on a loan basis.

BMC Gastroenterology

"But having sunk, the boat was eventually salvaged and years later the bow section appeared on eBay and was bought by a lady who very kindly offered to donate it to Arundells on a permanent loan basis".

BBC

In 2003, Maxwell's medals were presented to the Australian War Memorial on a permanent loan basis.

Wikipedia

If the notion that Corbyn is omniscient, infallible and divine continues to prevail, we will hand this country over to the Tories on a permanent loan basis.

Huffington Post

Expert writing Tips

Best practice

When using "on loan basis", ensure the context clearly indicates the terms and conditions of the loan, such as duration and repayment expectations. Using it in formal documentation may require further specification of the terms.

Common error

Avoid using "on loan basis" when referring to permanent transfers or arrangements. The phrase explicitly implies a temporary transfer of something that will eventually be returned.

Linguistic Context

The phrase "on loan basis" functions as an adverbial phrase, modifying a verb to indicate the manner in which something is provided or obtained. Ludwig's examples demonstrate its use in describing temporary arrangements, particularly those involving lending or borrowing.

Expression frequency: Rare

Frequent in

News & Media

50%

Science

25%

Wiki

8%

Less common in

Encyclopedias

8%

Formal & Business

5%

Social Media

4%

Ludwig's WRAP-UP

In summary, "on loan basis" is a prepositional phrase used to indicate that something is provided temporarily with the expectation of return or repayment. As confirmed by Ludwig, it's grammatically correct and suitable for various contexts. However, the limited examples suggest it is a less frequent expression. It is most commonly found in News & Media and Scientific sources. When writing, be mindful to use this phrase when you want to specify the temporary nature of a transaction. Alternatives such as "on a temporary loan" or "under a lending arrangement" can be used for variety.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

on a temporary loan

Specifies the temporary nature of the loan more directly.

on a loan agreement

Emphasizes the formal agreement aspect of the loan.

under a lending arrangement

Focuses on the arrangement of lending rather than the loan itself.

on a borrowed basis

Uses the verb "borrowed" to indicate the temporary possession.

on a credit arrangement

Highlights the credit aspect of the arrangement.

on a deferred payment plan

Highlights the deferred nature of the arrangement.

with borrowed funds

Focuses on the funds being borrowed.

under a temporary transfer

Emphasizes the temporary nature of the transfer, applicable in contexts beyond just loans.

on a consignment basis

Implies a more formal agreement where goods are held but not owned until sold.

under a lease agreement

Suggests a longer-term arrangement where an asset is used in exchange for regular payments.

FAQs

What does "on loan basis" mean?

The phrase "on loan basis" means that something is temporarily provided with the expectation that it will be returned or repaid at a later time. It implies a short-term arrangement.

How can I use "on loan basis" in a sentence?

You can use "on loan basis" to describe situations where something is borrowed or lent temporarily, like: "The museum provided the artifact "on loan basis" to the exhibition".

What are some alternatives to "on loan basis"?

Some alternatives include "on a temporary loan", "under a lending arrangement", or "on a borrowed basis", depending on the context.

Is "on loan basis" formal or informal?

The phrase "on loan basis" is generally considered neutral, suitable for both formal and informal contexts. However, formal agreements might require more specific terminology to define the loan terms.