Sorry, you cannot vote on the same answer more than once.
When I heard of the term "interest-free loan", it immediately drew my attention because there are no interest payments to be made. But even if loan companies now often use these kinds of promotions as a marketing tactic, we should know what an interest-free loan means and how to get loan without interest, so that we may choose wisely.
How Can I Get Loan Without Interest?
Before I tell you how you can get a loan without interest, let me tell you what an interest-free loan actually means.- Interest-free or zero-interest loans are exactly what their name implies: financing that has no interest attached to them.
- You only have to pay back the principal (no interest) when you take out one of these loans.
- Nevertheless, you are still responsible for paying the additional expenses, origination charges, application costs, prepayment charges, etc. even though these loans have no interest.
- In the event of a loan default or missing EMI, there are additional penalties.
- Thus, before signing a Personal Loan agreement that has no interest, thoroughly review the loan documentation.
How to Get Interest Free Loan?
To apply for an interest-free loan, you should be eligible for it. In order to be eligible for an interest-free loan, you have to meet certain requirements. These requirements include:- Age restrictions, both minimum and maximum, as set by the lender
- Citizenship of India
- Minimum income needed each month
- A reliable job and a good work history
- High ability to repay
Recently Published Questions
How to Close PF Account Online ?What is broken period interest?How to Find Cheque Number?What is Suspicious Transaction Report?The Society is Charging me Corpus Fund after 7 Years of my Agreement with the Builder and all Requisit Payments made to the Builder.Why Is there a Need for me to Show my PAN for a Loan Below 50 Thousand?Does a builder give both rent and corpus fund while redevelopment? What is corpus fund can you please explain in detail ? What is the loss of building member if they dont take corpus find? Its important as my building members are not aware about it and I dont have much knowledge please explain.What is HDFC Home Loan Interest Rate Female?What is LIC Plot Loan Interest Rate?What is Shubham Housing Finance Rate of Interest?
Can I buy a house with EMI?How to get top up home loan in HDFC?How much home loan can I get on 35000 salary?What Is The Equitas Bank Home Loan Interest Rate?Can Defaulter Get Home Loan?How to prepay HDFC home loan?What is ICICI Home Loan Transfer Charges?What is Aadhar Housing Finance Processing Fees?What is PNB Housing Loan Processing Time?What is SBI Home Loan Processing Time?
पर्सनल लोन लेने के लिए क्या क्या डॉक्यूमेंट चाहिए?Can You Use a Personal Loan to Buy Land?How much Personal Loan can I Get on 30000 Salary?How much Personal Loan can I get on 25000 Salary?How to get Personal Loan Without PAN Card?ऑनलाइन पर्सनल लोन कैसे ले?How to Get 20 Lakh Loan?How to Get Instant Approval for Personal Loan?What is ICICI Bank Personal Loan Processing Fee?What is Standard Chartered Personal Loan Pre Closure Charges?
How to Calculate Interest on Late Payment of TDS?जीएसटी नंबर कैसे अप्लाई करें?How to File RCM in GST Return?What is cess in GST?What is Casual Income in Income Tax?Is GST Applicable on Transportation of Household Goods?How to Make GST Payment Online without Login?How To Download DSC Certificate?Can We Pay GST through Credit Card?Is defence pension exempt from income tax ?
Most Viewed Questions
How to download salary slip?How to Close PF Account Online ?How to Get Refund of Stamp Duty Paid in Maharashtra?How Can Change Nominee In Atal Pension Yojana?How to get salary slip online?How To Calculate Sinking Fund For Housing Society?Need to transfer PF amount and correct the father name in EPFO. How to do it?WE ARE IN PROCESS OF SELLING OUR INDUSTRIAL LAND AND BUILDING OF THE PARTNERSHIP FIRM NAME AND WOULD LIKE TO SAVE CAPITAL GAIN TAX IN A SIZABLE WAY. PLEASE GUIDE US FOR THE SAME.How To Check Gratuity Amount?What is DCRG in pension?
How to Download Income Certificate Online Tamil Nadu?How to calculate home loan EMI?What is MOD Charges for Home Loan?What is part period interest in SBI home loan?How to check APF number online?How to Avoid Part Period Interest in SBI Home Loan?Last 10 years home loan interest rates in IndiaHow to Withdraw PF for House Construction?How to Check EPF Grievance Registration Number?How to pay home loan EMI through credit card?
How to Change Email ID in PAN Card?What is Cooling Period in SBI YONO?How Much Money Can Be Transferred Through YONO SBI?How to Increase Transfer Limit in SBI YONO?How to Add Beneficiary in SBI YONO App?How to Pay SBI Home Loan EMI Online?How to Transfer Money From YONO SBI?How to Pay Loan Amount in YONO SBI?How to Preclose ICICI Personal Loan?How To Check BC Corporation Loan Status?
Can you claim House Rent Allowance for the rent paid in another city?Can We Claim Stamp Duty and Registration Fees in 80c?How HRA exemption is calculated?How to Download TAN Certificate?How to Download Form 26QB?How to show purchase of property in income tax return?What is IGST in Credit Card?Where to show gift received from relatives in ITR?Where to mention home loan interest in ITR 1 ?How to Change Name in Property Tax Online Tamil Nadu?
Authors Of The Question
Harsha Vikas
4 Total Answers
How to Get Loan Without Interest?
Mahesh
✔In Progress
👁4
Views
April 29, 2024
2024-04-29T11:49:34+00:00 2024-04-29T11:49:34+00:00Comment
1
Answers
Banking
Share