Of course. My husband has no money to repay the loan from the credit union, so let me help him pay it back. I can refuse the loan, which means that banks, credit cooperatives and other institutions lend money to units or individuals who use the money and agree on the interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans.