diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6cb8c7132..30b196824 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
+### Added
+
+- Added loan as an asset sub class
+
 ### Changed
 
 - Extended the asset profile details dialog in the admin control panel to support editing countries for all asset types
diff --git a/libs/common/src/lib/config.ts b/libs/common/src/lib/config.ts
index 08fa2f030..b442f2b7a 100644
--- a/libs/common/src/lib/config.ts
+++ b/libs/common/src/lib/config.ts
@@ -46,7 +46,7 @@ export const ASSET_CLASS_MAPPING = new Map<AssetClass, AssetSubClass[]>([
       AssetSubClass.STOCK
     ]
   ],
-  [AssetClass.FIXED_INCOME, [AssetSubClass.BOND]],
+  [AssetClass.FIXED_INCOME, [AssetSubClass.BOND, AssetSubClass.LOAN]],
   [AssetClass.LIQUIDITY, [AssetSubClass.CRYPTOCURRENCY]],
   [AssetClass.REAL_ESTATE, []]
 ]);
diff --git a/libs/ui/src/lib/i18n.ts b/libs/ui/src/lib/i18n.ts
index 4d494a43a..e23b37590 100644
--- a/libs/ui/src/lib/i18n.ts
+++ b/libs/ui/src/lib/i18n.ts
@@ -56,6 +56,7 @@ const locales = {
   COLLECTIBLE: $localize`Collectible`,
   CRYPTOCURRENCY: $localize`Cryptocurrency`,
   ETF: $localize`ETF`,
+  LOAN: $localize`Loan`,
   MUTUALFUND: $localize`Mutual Fund`,
   PRECIOUS_METAL: $localize`Precious Metal`,
   PRIVATE_EQUITY: $localize`Private Equity`,
diff --git a/prisma/migrations/20260409154017_added_loan_to_asset_sub_class/migration.sql b/prisma/migrations/20260409154017_added_loan_to_asset_sub_class/migration.sql
new file mode 100644
index 000000000..da778e7c1
--- /dev/null
+++ b/prisma/migrations/20260409154017_added_loan_to_asset_sub_class/migration.sql
@@ -0,0 +1,2 @@
+-- AlterEnum
+ALTER TYPE "AssetSubClass" ADD VALUE 'LOAN';
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index 50aac91fb..069ed6279 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -309,6 +309,7 @@ enum AssetSubClass {
   COMMODITY
   CRYPTOCURRENCY
   ETF
+  LOAN
   MUTUALFUND
   PRECIOUS_METAL
   PRIVATE_EQUITY