Loan shopping refers to the process of comparing different loan options available in the market, with the aim of finding the most suitable and affordable one for a particular need or purpose. It involves researching various lenders, examining their interest rates, terms, fees, and other conditions associated with the loans they offer, and then making an informed decision based on this information. The goal is to find a loan that fits your budget, offers favorable repayment terms, and meets your specific needs or requirements.