LOAN WITH NO INTEREST RATE LOAN WITHOUT INTEREST INTERESTS FREE LOANS
DEFINITION OF A LOAN WITH NO INTEREST
A loan without interest loan is defined as financing that a lending institution grants to a borrower but without the latter having to pay any interest during the repayment period, its repayment obligations being limited to those of the principal.
WHERE DOES THE INTEREST FREE LOAN APPLY?
Interest-free financing takes many forms and is intended to serve several types of borrower and offer different zero-interest loans.
The interest-free loan is found at several levels whether such as:
- For a consumer.
For an entrepreneur.
- For social cases.
- For ethical and religious reasons.
WHAT TYPES OF LOAN WITHOUT INTEREST ARE EXISTING ?
An interest-free loan is offered in several forms which will depend on the borrower type as well:
A personal loan.
A car loan with no interest.
A credit card without interest.
A bridge loan with no interest.
Islamic loan without interest.