definition
strict definition
loan office
A retail branch specializing in offering loans to customers, without additional banking services.
A loan office is a retail branch, customer service post, or similar establishment specializing in loaning money to customers, often at short term, without offering other banking services such as money accounts.
The specialization is lending without other banking services such as customer money accounts. Short-term loans are common, but no fixed maximum term is part of the definition.
A bank branch offers a broader banking service. Offering loans alone does not make a loan office a bank branch.
