Zero-Interest Loan

(redirected from Zero Interest Loans)

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.
Mentioned in ?
References in periodicals archive ?
At his speech at the opening of the Forum on China-Africa Cooperation (FOCAC), President Jinping said his country would "a total of $60 billion of funding support that includes $5 billion of grants in zero interest loans (and) $35 billion in preferential facility and export credit loans and concessional loans.
The program includes zero interest loans and infrastructure investments.
Airlines have the right to receive a capital infusion from existing or new shareholders, and also to access low interest or zero interest loans," said Carctic.
Quantitative easing of $4 trillion, $430 billion attributed to the Troubled Asset Relief Program ("TARP"), and nearly $8 trillion in zero interest loans to Wall Street firms have all led to inequality.
Repayment of zero interest loans is doen either by landfill diversion savings or income generated from the sale of recyclable material.
Since its launch last fall, the ReBuild Western Massachusetts program, funded by DOER and administered by the Massachusetts Clean Energy Center, has helped dozens of homeowners and businesses obtain grants and/or zero interest loans to repair, renovate or rebuild using smart energy approaches.
7) million annually to support housing loans offered by the Ministry as zero interest loans for those with limited source of income.
There are grants, subsidies, zero interest loans, low interest loans and even loans you don't have to ever pay back.
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.
has been awarded $400,000 in grants and zero interest loans from the Iowa Department of Economic Development to help with the development of the company's second 50-million-gallon ethanol plant to be built near Superior, Iowa.
Aid, often low or zero interest loans repayable on flexible schedules, has been a pillar of Chinese relations with Africa.
They also adopted, by nearly a 2-1 margin, Question #2, amendments to the "Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989," to authorize the Department of Environmental Protection and the New Jersey Environmental Infrastructure Trust to use such bonds to make grants or low or zero interest loans to local governments for financing the cost of stormwater management and combined sewer overflow abatement projects.