A: Hello, sir. May I help you?
B: Yes, I would like some information for requesting a loan.
A: Very well. Here are the general terms of our loan policies. We pride ourselves in having the lowest interest rate in the country for personal loans.
B: I see. So let me get this straight. If I borrow, let's say 10,000 dollars, how much will I have to pay each month?
A: It depends on how long you take to pay it back. If we lend you 10,000 dollars at an annual interest rate of 10% for 48 months. You would have to pay each month a portion of the loan, which is called the principal and another small portion of the annual interest rate. This, of course, is considering that you don't default on a payment.
B: It sounds good. But there is just one question. I have a terrible credit score.
A: That is a very serious problem. You see, the bank must assess your personal information, past loans, assets and any other relevant information, such as your credit score in order to approve your loan.
B: You know what? I don't really need the money. Thanks anyway!
ask for/requst/apply for a loan
take out a loan
repay a loan
pay off a loan
a mortgage/loan of...
He took out a mortgage of $40 000 to buy the house.
I have a loan of $4000.=I have a $4000 loan.
pride oneself in...
I pride myself in being a non smoker.
I pride myself in always saving lots of money for my paycheck.
lend sb sth=lend sth to sb.
borrow sth from sb.
He borrowed $50.
He borrowed $50 from Jack.
Jack lent $50 to him.
Jack lent him $50.
get this straight
Let me get this straight.
Come to the point/Cut to the chase
It depends on the weather.
It depends on how much effort you put into it.
default on a loan/debt
He defaulted on the mortgage because of the bankruptcy.
We need to assess whether the project is worth doing.