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Zero-Interest Loan
(redirected from Zero Interest Loan)

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Zero-Interest Loan
A loan 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. Zero-interest loans are the only loans permitted in Islamic finance. They are also extended to persons, companies and countries in desperate need of aid. See also: Zero-coupon bond.


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Participants then have the option to enter into a zero interest loan agreement for up to $3,000 to fund the installation of the lighting upgrades.
During that period, hundreds of thousands bought their slice of the American Dream as financial institutions made them affordable and accessible, offering subprime loans, zero interest loans, zero-down payment arrangements, and low-interest adjustable rate mortgages, to get virtually anyone into a home.
The most common incentives are rebates, low or zero interest loans, special lease deals and factory to dealer cash.
 
 
 
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