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 ?
Research and Public Relation Officer of PMYP Abdul Shakir said that Interest Free Loan with tenure of one year was being disbursed without any mark-up across all over country.
Representatives of National Vocational and Technical Training Commission (NAVTTC) and Pakistan Poverty Alleviation Fund (PPAF), the executing bodies of Prime Minister's Youth Skill Development Programme and Prime Minister's Interest Free Loans Scheme respectively attended the meeting.
Akhuwat is known for running World's largest interest free micro finance NGO network with over 500 camp offices nationwide Agreement was signed by Mr.
A poor lady Safia Bibi, while narrating her story during the ceremony, said that interest free loans has changed her life and now she has stood on her feet.
00% and the card also remains interest free for the same 34 month period with the same fee.
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.
An interest free overdraft of up to Au3,000 for up to five years -- plus an extra year after graduation
The interest free overdraft of a graduate account is the most important element.
5 years Interest Free Credit* when you spend pounds 6,000 or more on a kitchen and pounds 4,000 or more on a bathroom or bedroom 3 years Interest Free Credit* when you spend pounds 5,000 or more on a kitchen and pounds 3,000 or more on a bathroom or bedroom 2 years Interest Free Credit* when you spend pounds 4,000 or more on a kitchen and pounds 2,000 or more on a bathroom or bedroom 1 year Interest Free Credit* when you spend pounds 2,000 or more on a kitchen and pounds 1,000 or more on a bathroom or bedroom A minimum 10% deposit is required Loans from pounds 900 to pounds 15,000 Offer ends 28th February 2011 Ask in store for details
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.
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.