Norwegian verbs: leie / låne, what's the difference?

What is the difference between the Norwegian verbs "leie" and "låne"? I'm explaining it in this video.
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[@TheNorwegianSchool]

🎧🎧🎧 My story-based Norwegian courses:
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[@EngelsNederfiele]

In UK English, you borrow money from a bank or building society and it is an 'agreed loan' with interest being charged when they lend you the money. I may offer to lend you a physical item I own, and in accepting the offer you are borrowing it, on the understanding it is returned (some English people don't understand that to be lent an item they are expected to, and should return to the owner the item that they have borrowed; a situation when laziness, dishonesty and ignorance are not bliss!)

[@TheNorwegianSchool]

thanks for sharing

[@evie1915]

Låne sonds like loan in British English

[@TheNorwegianSchool]

Yes, the words are definitely related.