Interest-free loans

Interest-free loans are loans that do not require the borrower to pay any interest on the amount borrowed. This means the borrower only repays the original sum without any additional cost. These loans are often offered by certain organizations, governments, or community programs to support individuals or businesses in need of financial assistance without the burden of interest. They can be beneficial for managing debt, as they allow borrowers to save money over time. Interest-free loans are usually provided under specific conditions, including repayment terms that must be followed.