Definition of soft loan in English:

soft loan

Line breaks: soft loan

noun

  • A loan, typically one to a developing country, made on terms very favourable to the borrower.
    More example sentences
    • According to the directorate, the government is estimated to receive at least about US $1 billion in aid grants from foreign countries, with the balance in the form of soft loans.
    • The foreign exchange component to cover the cost of equipment and services would be covered with Soviet soft loans and long-term credit.
    • More significant aid in the form of soft loans for reconstruction will follow later to help the Grenadian people.

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Pronunciation: meɪdʒ
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a magician or learned person