Interest-Free

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Interest-Free

Describing a loan, mortgage or other debt on which interest does not accumulate. Rather, the borrower must only repay the principal. For example, one may borrow $5,000 and pay the lender $5,000 over a period of two years, at which point the debt is considered repaid.
References in periodicals archive ?
Addressing the beneficiaries of the four Union Councils of Badin district here on Friday, she said that Prime Minister Mian Mohammad Nawaz Sharif fully committed to overcome the growing issue of unemployment and provide opportunity to jobless youth to establish their own business by obtaining interest free loan from the scheme.
The scheme of interest free loans was launched in Thatta.
Borrowing an additional PS1,000 interest free could save PS100 every year, compared with paying an interest rate of 9.
8 per cent fee on balances transferred in the first 90 days and, again, six months interest free on new purchases.
The Barclaycard Platinum Card, for example, is offering 20 months interest free on balance transfers.
The interest free overdraft of a graduate account is the most important element.
The Jeddah chapter of the Indian Forum for Interest Free banking has presented a memorandum to a visiting official of the government of India asking for easing of regulations to allow for interest free financial ventures in the country.
Interest free overdraft of GBP2,000 until June of the third year after graduation as detailed:
Batelco's existing Broadband PC Package Deal offers customers the opportunity to own PC's and laptops from leading brands including HP and Dell as well as Fujitsu Siemens, through a 2 year interest free deal.
Barclays Student Additions allows pounds 1,000 interest free overdraft in year one, and a further pounds 250 each year thereafter, with a range of discounts on books, CDs, shopping and leisure.
00%*** Nil Figures based on an overdraft limit of pounds 500 * Minimum age 21, minimum credit of pounds 500 per month ** Interest free up to pounds 2,000 for the first 12 months *** Reverts to 50p per day - capped at 10 days per monthly charging period (pounds 5 max) after 12 months *** Interest free for the first 12 months (min credit, pounds 1,000 per month)OVERDRAFT RATES MAJOR BANKS/LOWEST FEES Provider Account name Authorised rate Fee Source:www.
Eligible enterprises need to have been trading for at least 12 months and all loans are unsecured, interest free and repayable over a period of one to 4 years.