In the past, I've accidently sold a player because I tried to loan him after I already had 2 loans and did not have VIP at the time. I ended up selling my best midfielder prospect (though he ultimately didn't turn out to be very promising anyway). I will admit that I was curious what would happen if I tried to loan a player after reaching the limit. Apparently, I recently bid on a player whose manager had a similar problem (if possible, I would be willing to rescind my offer for the player).

I think it would be a good idea to either take away the option for a loan or make a "loan" impossible once the limit has been reached. Right now, players over the limit will end up being sold without notice, and this doesn't seem very fair.

Hi Ulysses! I have already reported this in the bug section (I think it's a bug).

Perhaps that forum would be more suitable. It seems like a bug, though it is not impossible that this result might be intentional.