LOAN WITH NO FEE LOAN WITHOUT FEE FEES FREE LOANS
WHAT IS A LOAN WITHOUT FEE?
A loan without fee is by definition a credit facility granted and made available to a credit applicant without remunerating the lender of any costs, whereby the repayment of the loan only including the payment of the borrowed capital and interests.
FEE FREE OR INTEREST-FREE LOAN ?
A fee free loan can generate some confusion from the fact that many confuse fees and interest, the latter being completely different, the first being amounts to be paid in one go for the management of the credit file, the second being the classic interest which will be paid in parallel with the repayment of the initial amount which consists of the principal.
A donation crowdfunding for start-up is usually supported by donors and backers when they are convinced that the project is not only profitable commercially but that the start-up will contribute either to enhance the social situation of the project owner or it is for any social cause.
A Start-up donation based crowdfunding can only be successful, means it can only attract funds from donors when a project is well presented and explained with a full transparency as to its objectives.
WHAT TYPES OF LOAN WITHOUT FEE ?
Loans with no fee have several forms:
- Loan without processing, origination, registration fee.
- No fee personal loan that allows the seller of a product to increase sales as incentive.
- Mortgage at without fee.
- Microcredit with no fee.
- Fee free credit card.
- Loan for bad credit without fee.
- Car financing and leasing free of fee.
- Private loan with no advance fee.
THE CASE OF CONSUMER LOAN WITHOUT FEE
A consumer loan without fee is subject to some legal restrictions, as it is not allowed to pretend that a consumer loan is fee free while making the purchase price more expensive in order to compensate the fee.
Al loan without fee offered by a shop is obliging the seller to ensure that the price of the product has not increased during the last 30 days, also In order to better compare products which are financed through this type of loan without fee , it is therefore always necessary to compare the total costs: product costs + loan costs.
A loan with no fee for consumer goods may thus turn out that a product purchased with a fee free loan is more expensive than a product purchased with a classic personal loan or even better purchased in cash.