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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Two of those opportunities are new loan pools announced last week by Housing Trust Silicon Valley -- a $15 million Affordable Growth Fund to assist in the construction of more than 1,200 affordable rental homes over the next five years and a $10 million zero interest loan fund in partnership with the County of Santa Clara to encourage developers to include homeless and supportive housing in their affordable rental projects.
The ODB also provides zero interest loan facilities to support the small investors' projects, implemented by people who are fully dedicated to manage them.
90 crores advanced as unsecured zero interest loan," said Swamy.
The Eugene Water & Electric Board and the Springfield Utility Board also are offering their customers incentives to install the system, with either a $1,500 rebate or a zero interest loan of up to $4,000.
Yet another example of the corrosive effect of" take-home pay" is that taxpayers are excited to get a tax refund when they should be upset that they have given Washington a zero interest loan for up to a year.
They will be given the keys to one, and a zero interest loan to repay the $90,000 price tag.
Strategies in Packaging a Zero Interest Loan for REA's Rural Economic Development Financing Program
Since the family could not qualify for a mortgage through a traditional bank, Habitat is essentially the mortgage lender, and the family will pay them via a zero interest loan.
When we sell a house, we sell it at what our costs are and a zero interest loan.
Commercial applications are available now and the City of Pendleton zero interest loan deadline is noon on April 11.
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.
Edgecombe-Martin County EMC provided a zero interest loan to the Martin County Economic Development Commission, who in turn loaned to Microcell Corporation as an incentive for them to locate to an available building in Robersonville.