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Zero-Interest Loan
(redirected from Zero-Interest Loans)

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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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Through the program, selected companies across Arkansas will receive zero-interest loans to make energy-efficient improvements, such as lighting retrofits, and offer a revolving loan fund to employees to make similar green changes in their homes.
org provides Haitian SMEs with access to capital through zero-interest loans and grants.
At the Summit, we pledged significant new health, education and agricultural investments for the poorest through our fund, the International Development Association, or IDA, which offers poor developing nations zero-interest loans and grants.
 
 
 
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