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Personal loan
Is it possible to get loan without interest
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[QUOTE="funmi, post: 218351, member: 38880"] Getting a loans without paying interest together with the principal can only be possible depending on who is issuing the loan, if the loan is been issued by any financial institution that is primarily setup for profit making purposes alone then that could be near impossible to get such loans. Because the funds those financial institution give out as loans are actually people's fixed deposits and the people who.own those monies will.certainly be expecting interest in the money they have saved in the banks for a fixed period and they expect that before the end of a particular period of time they should Br able to earn some certain amount as promised by the bank. So if at the end of the period the bank or the financial institution is unable to pay back the principal and interest that have promised the customer that has saved with them for a period of at least three months to a year and even some cash stays longer, then the bank will be indebted because they will have to pay the interest on their own to the customers. So the only organizatios.that can give such loans are family and friends and charitable organizations. [/QUOTE]
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Is it possible to get loan without interest
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