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The phrase "to lend" is correct and commonly used in written English
It is used when discussing the act of giving someone something with the understanding that it will be returned. Example: "I have decided to lend my old car to my cousin for the weekend." In this sentence, "to lend" is used in the context of allowing someone to use something temporarily, with the expectation that it will be returned.
Dictionary
to lend
verb
To allow to be used by someone temporarily, on condition that it or its equivalent will be returned.
synonyms
Exact(59)
Banks are keen to lend.
Banks are hesitant to lend.
Celebrities showed up to lend their support.
Banks have started to lend again.
Banks are happier to lend against collateral.
Wedding organisers refused to lend them loudspeakers.
Americans are particularly reluctant to lend.
"Banks couldn't wait to lend us money".
Bankers will cower, afraid to lend.
(She agreed to lend him a robe).
All promised to lend a hand.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com