Yes, loan is in the scrabble dictionary

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Loan Definition

noun

A sum of money lent at interest.
from The American Heritage Dictionary of the English Language, 4th Edition
A temporary transfer to a duty or place away from a regular job: an efficiency expert on loan from the main office.
from The American Heritage Dictionary of the English Language, 4th Edition
An act of lending; a grant for temporary use: asked for the loan of a garden hose.
from The American Heritage Dictionary of the English Language, 4th Edition
Something lent for temporary use.
from The American Heritage Dictionary of the English Language, 4th Edition
Money lent at interest.
from Free Scrabble Dictionary

verb-transitive

Usage Problem To lend.
from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points

Points

loan

4

2 letter words with LOAN

Points

al

2

an

2

la

2

lo

2

na

2

no

2

on

2

4 letter words with LOAN

Points

loan

4

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