Loan limits refer to the maximum amount that a lender is willing to provide as a loan to a borrower. These limits vary depending on factors such as the type of loan, the creditworthiness of the borrower, and the value of the property being used as collateral. Loan limits can also be set by government agencies or private institutions in order to prevent over-lending and protect borrowers from taking on more debt than they can reasonably handle. In some cases, loan limits may also vary depending on geographic location or other factors that affect the cost of living in a particular area.