Interest-free loans are loans that do not charge interest, but may have other fees or charges associated with them.
An interest-free loan is a type of loan that does not charge the borrower any interest on the amount borrowed. Instead, borrowers may be required to pay a flat fee or other charges to cover the cost of borrowing the money. However, it's also possible (and common) for interest-free loans to come without any additional charges for the borrower and offer a straight repayment plan over set instalments.
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