```json
{
    "no": ["no"],
    "yes": ["no", "yes"]
}
```
In the "no" target class, the possible values for the feature "loan" are only "no". This means that clients who do not have a personal loan are more likely to not subscribe to a term deposit.

In the "yes" target class, the possible values for the feature "loan" are both "no" and "yes". This suggests that clients who have a personal loan may or may not subscribe to a term deposit.