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Yes, loanee is in the scrabble dictionary

...and is worth 8 points by itself.

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loanee

noun

1. Borrower; someone who is loaned something.

2. Someone who is being loaned, someone playing for another club on loan.

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Here are some other words you could make with the letters loanee, you can also
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Top Words by points

Points

Word Game

loanee

6

Scrabble

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2 Letters

Scrabble® Points

no

2

la

2

lo

2

ae

2

na

2

en

2

el

2

ne

2

oe

2

on

2

an

2

al

2

3 Letters

Scrabble® Points

nae

3

lea

3

nee

3

ole

3

lee

3

one

3

eon

3

ale

3

ane

3

eel

3

4 Letters

Scrabble® Points

olea

4

enol

4

aeon

4

alee

4

noel

4

aloe

4

lone

4

loan

4

leno

4

lean

4

lane

4

elan

4

5 Letters

Scrabble® Points

anole

5

anele

5

alone

5

leone

5

6 Letters

Scrabble® Points

loanee

6

Found 39 words in 0.18886 seconds