Adjective
interest-free (not comparable)
(finance) Not charging interest; not subject to interest payments.
The government is offering interest-free loans for the purchase of energy-efficient appliances.
interest free
Adani Electricity Mumbai Limited (AEML) has extended the interest-free EMI facility for a limited period for the customers starting from October 23 up to October 30, to alleviate consumer’s prevailing billing concerns. Source: Internet
Dr Glory Edet, the state Commissioner for Agriculture, told newsmen in Uyo on Friday that the state had empowered a lot of farmers with soft interest-free loans of N100, 000 each to cultivate farms. Source: Internet
During a February 2007 visit, Chinese President Hu Jintao pledged Namibia " RMB 1 billion of concessional loans, 100 million US dollars of preferential export buyer's credit, RMB 30 million yuan of grants and RMB 30 million of interest-free loans.. Source: Internet
Firms would need to ensure that customers can, on request, access a preferential interest rate in respect of any borrowing that is not interest-free, it said. Source: Internet
If, as during the Great Depression in the United States, deflation averages 10% per year, even an interest-free loan is unattractive as it must be repaid with money worth 10% more each year. Source: Internet
Barclays is offering emergency interest-free overdrafts to customers struggling with finances during the coronavirus pandemic. Source: Internet