Loan and debt are both nouns. A loan is something you receive (on a temporary basis) from someone else. You are expected to return it at some point. A loan can be money or any object. The verb is lent. "Loan me the car" as mentioned above, is not correct in British English, although I believe it is acceptable in American English. The bank lent me money. I got/took a loan from the bank. Same meaning. My sister lent me her car for the weekend. I have the car on loan for the weekend. If you have an outstanding loan (one which you have not yet repaid), then you are in debt. To be in debt means that you owe someone something. You can owe money, or you can owe other things . I am in your debt means that someone has done you a kindness and you are acknowledging that and indicating that you would like to repay that kindness in the future if the opportunity arises. There are debts of honour, debts of gratitude, debts of loyalty. All outstanding loans are part of your overall debt. However, not all debts arise from loans.

He took a loan. He is not in debt. He owes a debt to society, <-- also works for debts other than money. Can I borrow your pen? Sure, but it is only a loan; I want it back. . The bank would not give me a loan/The bank would not loan me money. So now I am not in debt. "debt" is a description of owing something to someone else. "loan" is either lending to someone (Verb), or the description of the act. . The car is nice, but it is only a loaner. <-- can't use "debt" this way. Loan me the car for the day. I'll be forever endebted to you.

For North American English: debt - noun - Usually a sum of money that has been borrowed and must be paid back ... sometimes a symbolic debt to a person or society ... loan - noun - The transaction of lending/loaning money or an item to a borrower. The money or item must be returned loan/lend - verb - The owner of money or an item temporarily makes it available to a borrower. From the New Oxford American Dictionary on my computer: loan1 | loʊn | noun a thing that is borrowed, especially a sum of money that is expected to be paid back with interest: borrowers can take out a loan for $84,000. • an act of lending something to someone: she offered to buy him dinner in return for the loan of the car. verb [with object] lend (a sum of money or item of property): the word processor was loaned to us by the theater | he knew Rob would not loan him money.

Loan is to take money or such from bank or someone . Debt is that you already took money or such and you're owning. Regards!

Sometimes the same, sometimes different.