The commonly known shoes for old people, I partly agree, my Grandma wears these. Loafers are almost the same as boat shoes, there are versions that are a mesh of both styles. But loafers have the flap or tongue of the shoe hanging over the toe of the shoe. Then there are the loafers without a folded tongue or laces. There are so many variations of the loafer; the TOM shoes look alike, some Oxfords, boat shoes and more. Traditional loafers have the tasseled flap or tassel laces.