Definition of loanee in English:

loanee

noun

  • See loan

    • ‘New India Assurance Company and State Bank of India have joined hands to provide accident insurance cover to all loanees of the bank availing housing and car loans.’
    • ‘A good run in November and December - inspired by loanee, Steve Elliott - again took Blackpool to the edge of the play-off zone.’
    • ‘He said there were a large number of loanees who would like to benefit from a low interest rate regime now to get their old loans taken over by a financier who provides finances at cheaper rates.’
    • ‘Alternatives, including short and long-term loanees, are being explored, but according to Worthington, there is still a lack of availability.’
    • ‘The municipality is arranging loans for the groups from the District Cooperative Bank and the loanees have very easy repayment terms.’

Pronunciation

loanee

/ləʊˈniː/