A borrower is a person or organization that receives money from a lender under the agreement to repay it, typically with interest, over time. Borrowers may apply for loans for various purposes, such as buying a home, financing education, or expanding a business. In return, borrowers agree to make regular payments until the loan is fully repaid. The borrower’s creditworthiness, which includes factors like credit history and income, helps lenders determine the loan terms, such as interest rates and repayment schedules.