Zero-Interest Loan

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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Kuwait is to lend USD 500mn and Turkey said it would deposit a USD 100mn zero-interest loan at TunisiaEe's central bank.
A PS400,000 zero-interest loan from the Welsh Government's Repayable Fund for SMEs will enable Amplyfi to take on more highly skilled staff to support and refine its business intelligence platform DataVoyant.
According to the Des Moines Register, the incentives include a $500,000 forgivable loan, $500,000 in a zero-interest loan plus $630,000 in tax credits.
The district is now paying back a zero-interest loan.
2 million, in the form of a zero-interest loan financed by the state over the course of 10 years.
Already, the industry gets zero-interest loan from banks and other sops.
Weeks after this abrupt awakening, a report of a 500 million peso [$39 million] zero-interest loan from the company to the powerful union Sindicato de Trabajadores de ta Republica Mexicana, Stprm, was leaked to the press; the government responded by blaming the past administration.
EWEB's now-suspended zero-interest loan program brought energy efficiency to a lot of people who otherwise would never have been able to swing it, contractors said.
The Daily Citizen reported that the city voted to accept a zero-interest loan for six months from Searcy resident Reynie Rutledge.
The homeowners then repay the cost of the home through a long-term, zero-interest loan, and the money goes back into the program to build more homes.
In addition, Hybrigenics said it has received a zero-interest loan of EUR650,000 (USD913,796) from Oseo, the French financial institution supporting innovation, to cover 45% of the overall costs of the trial.
Then, lo and behold, the following blurb comes next "why not apply for our zero-interest loan so you can go on that dream vacation?