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Question :
What’s the difference between a loan and a grant?

Question submitted 01/05/20 @ 12:57pm
Industry: Funding & Finance
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  • A grant is ‘a gift’ that is given which often does not require repayment, while ‘a loan’ is a payment that typically requires repayment over a period of time after you get the money.

    The difference is the repayment. A loan requires a set repayment schedule (weekly, fortnightly, monthly) as an example. A grant does not require repayments. If you qualify for a grant it’s treated as a gift.

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