Last updated: 2019-09-18

Source: https://support.freshservice.com/support/solutions/articles/50000000539-difference-between-loaner-and-permanent-usage-type

Loaner asset represents shared asset like Projectors, etc, which can be loaned for a period of time and it can be requested only based on the available time.

Permanent asset represents all assets which can not be shared or loaned for a specific time range.