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.

References in periodicals archiveThe one-time, zero-interest loan is payable up to eight years.Gov't to help rice farmers as palay prices fall to P7 per kiloFarmers affected by Severe Tropical Storm 'Ineng' over the weekend may now avail of a P25,000 zero-interest loan assistance payable in three years, Department of Agriculture (DA) Secretary William Dar said Monday.DA to provide P25k loan assistance to farmers affected by InengUnder the SURE Aid, rice farmers planting on land 1 hectare and below may apply for a one-time zero-interest loan amounting to P15,000, payable up to eight years.'Farmers need cash assistance, not zero-interest loans'Dar had announced that affected rice farmers tilling at most one hectare of land may avail themselves of a one-time, zero-interest loan amounting to P15,000 payable up to eight years under the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid).947 rice-producing towns to get P5-million aidShe stated that the N20, 000 zero-interest loan scheme is payable within five months which will guarantee the beneficiaries to apply for a higher amount and also pave way for other people to benefit from the scheme.Akpoti Unveils Business Start-Up Fund For 5000 Kogi Women, YouthInstead, farmers will be given the option to avail a one-time, zero-interest loan.No cash assistance for farmers; DA decides on one-time loan* Use a plumber approved by the city and get a zero-interest loan of up to $4,800 repayable over five years, or 10 years for low- to moderate-income residents.Elgin property owners not happy about city's lead pipe programKuwait is to lend USD 500mn and Turkey said it would deposit a USD 100mn zero-interest loan at TunisiaEe's central bank. EeTUNISIA AID DATAA 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.Data-mining start-up gets loan to expand in CardiffAccording 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.Incentives keep Keokuk rebirth on trackThe district is now paying back a zero-interest loan.Boom in district-built housing slows teacher turnover

单词	zero-interest loan
释义	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. References in periodicals archiveThe one-time, zero-interest loan is payable up to eight years.Gov't to help rice farmers as palay prices fall to P7 per kiloFarmers affected by Severe Tropical Storm 'Ineng' over the weekend may now avail of a P25,000 zero-interest loan assistance payable in three years, Department of Agriculture (DA) Secretary William Dar said Monday.DA to provide P25k loan assistance to farmers affected by InengUnder the SURE Aid, rice farmers planting on land 1 hectare and below may apply for a one-time zero-interest loan amounting to P15,000, payable up to eight years.'Farmers need cash assistance, not zero-interest loans'Dar had announced that affected rice farmers tilling at most one hectare of land may avail themselves of a one-time, zero-interest loan amounting to P15,000 payable up to eight years under the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid).947 rice-producing towns to get P5-million aidShe stated that the N20, 000 zero-interest loan scheme is payable within five months which will guarantee the beneficiaries to apply for a higher amount and also pave way for other people to benefit from the scheme.Akpoti Unveils Business Start-Up Fund For 5000 Kogi Women, YouthInstead, farmers will be given the option to avail a one-time, zero-interest loan.No cash assistance for farmers; DA decides on one-time loan* Use a plumber approved by the city and get a zero-interest loan of up to $4,800 repayable over five years, or 10 years for low- to moderate-income residents.Elgin property owners not happy about city's lead pipe programKuwait is to lend USD 500mn and Turkey said it would deposit a USD 100mn zero-interest loan at TunisiaEe's central bank. EeTUNISIA AID DATAA 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.Data-mining start-up gets loan to expand in CardiffAccording 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.Incentives keep Keokuk rebirth on trackThe district is now paying back a zero-interest loan.Boom in district-built housing slows teacher turnover
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