over-the-phone loan; loan-by-phone
A wasei-eigo term for a small consumer loan applied for and approved entirely by telephone, common in Japan from the 1990s onward.
wasei-eigo (Japanese-coined English), from telephone cashing
I covered an unexpected expense with an over-the-phone loan.
The appeal of loan-by-phone is the ease of borrowing with just one phone call.
Variant with interpunct; less common but sometimes seen.
Wasei-eigo from English 'telephone' + 'cashing', referring to a loan service conducted by phone.