"To collect the loan" means to receive the money that was borrowed from someone or an institution.
Sentences with «to collect the loan»
Just think how quickly law schools would change their staffing, teaching, and community involvement if they had to personally collect loan payments from their alumni for 20 years. (lawyerist.com)
This code reflects the current disposition of the loan servicer for collecting the loan. (lendedu.com)
The only thing that concerns lenders is that you have a bank account to collect loan repayment from, and a regular source of income in form of salary or wage. (badcreditloanservices.com)