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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We are able to continue providing zero-interest loans and revitalization services through our 'A Brush with Kindness' program because of sponsorship and volunteer partners like WellCare.
The third finalist for this category is Community Sourced Capital (CSC), an Internet based platform in the United States where small businesses can access between $5,000 and $50,000 in capital directly from members of their own communities in the form of zero-interest loans.
USDA provides grants or zero-interest loans through the REDLG program to rural utilities (most of which are co-ops) which, in turn, fund projects to create and retain employment in rural areas.
KOSGEB is an organization that provides millions of dollars in zero-interest loans to small and medium-sized enterprises (SMEs).
What we found is that people will make zero-interest loans if they're connected to the business or the community that is being improved by the loan.
According to dpa, a blend of grants and zero-interest loans based on each West African country's fiscal condition, the latest pledge brings the World Bank's total Ebola response and recovery financing to 1.
The commercial pilot service enables university students to buy internet bundles, receive free access to relevant applications, such as Microsoft Office 365 and the Microsoft Virtual Academy, and applies for zero-interest loans together with UT Bank to buy select, internet-enabled Microsoft, Lenovo, Dell and HP devices.
And these people are also paying extortionate interest rates, because bank employees' salaries and super-benefits such as zero-interest loans had to be preserved.
Following rumours of disbursal of zero-interest loans by the central bank, borrowers overran the People's Bank of China, according to media reports.
Now, ratepayers in the Eugene Water & Electric Board territory can't sign up for rebates or zero-interest loans to help finance those windows and heating systems.
Another amendment puts an end to the zero-interest loans granted to state officials for buying cars, whereas a number of funds including the transferring of state officials to and from abroad, grants for semi-governmental and the construction of buildings abroad were crossed.
Some banks offer zero-interest loans for six months to one year.