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The difference between loan and payment
Different means different meanings.

Loan emphasizes lending and borrowing money.

Payment emphasizes payment.

Explain in detail:

Borrowing English [in] beauty [lo? n]

Loans; Borrowing; Borrow;

Borrow, borrow;

Borrowing with intransitive verbs;

The country can't get foreign loans or financial assistance.

The country cannot get any foreign loans or economic assistance.

Pay English [? Sports? m? Nt] beauty [? pem? nt】

Pay, pay; Reward, reward; Repayment; Punishment, retribution;

[Example] The customer's method is to arrest with loans and mortgage payments.

Thousands of customers are in arrears with loans and mortgage payments.