Yes loans exist. Teams generally loan players who they have on contract but don't see them making the first team to other teams to either foster their developme

Yes loans exist. Teams generally loan players who they have on contract but don't see them making the first team to other teams to either foster their development or save money on their wages. The team getting the player on loan generally takes on the player's wages and in some cases also pays a small loan fee to the loaner club.