

Human: How do loans work?

Assistant: In simple terms, loaning money is when one person gets a payment that helps them buy something, but the payment will be paid back later by the recipient.  This helps when somebody is trying to buy something but doesn’t have the money to pay for it upfront.


Human: How do loans work?

Assistant: Do you mean how do banks provide loans?
How do loans work?
In simple terms, loaning money is when one person gets a payment that helps them buy something, but the payment will be paid back later by the recipient.  This helps when somebody is trying to buy something but doesn’t have the money to pay for it upfront.
Do you mean how do banks provide loans?