ask for a loan

The phrase 'pedir un préstamo' in Spanish translates directly into English as 'ask for a loan'. It is used in business or personal contexts when someone is requesting a defined amount of money from a bank, a financial entity, or another person with the intention of paying it back, usually with interest. This phrase is the Spanish equivalent of how you would discuss initiating a process to borrow money in English.

Example sentences using: pedir un préstamo

Decidí pedir un préstamo para comprar una casa.

I decided to take out a loan to buy a house.

This phrase illustrates the intention of obtaining financial support to purchase a property.

Es importante saber a dónde acudir si necesitas pedir un préstamo.

It is important to know where to go if you need to apply for a loan.

This sentence emphasizes the necessity of having knowledge about the options available for obtaining a loan.

Antes de pedir un préstamo, debes revisar tu crédito.

Before applying for a loan, you should check your credit.

This phrase advises to assess one's creditworthiness prior to seeking financial assistance.