There are various offers to get loans without interest. A loan without interest is by no means always free of charge. In addition to interest, banks and credit banks have various other fees and commissions. Loans are mostly subsidized retail offers without any interest or fees.
Zero percent deals
Many retailers offer these loan offers in conjunction with a bank. These are installment credit banks that can be financed through retail fees. The banks suggest a very cheap offer to the end customer. However, interest is often added to the product price. This can be found out very quickly by agreeing a cash discount with the retailer. Here you as the end customer can check whether it is worth taking advantage of the zero percent financing.
These financings are also gladly used to offer these favorable conditions especially for small loans. This gives the lenders the customer addresses and records the loan without interest as an advertising bonus in their own balance sheet. After the contract is concluded, the bank has the opportunity to continue to provide customers with their own, then paid, offers.
Some banks also offer a free overdraft facility. However, this is only a small amount, often around 500 euros. As long as no more than this amount is used, the contract is free. As soon as the amount is exceeded, however, the total amount is to be paid with the interest then called.
Credit cards are a credit option for payments.
Through the clever use of the credit card, the customer can procure an inexpensive postponement until the card is billed. As a rule, the amount is billed monthly, resulting in a payment term of a maximum of 30 days. However, there are also credit cards that have a longer payment term. The debit cards are to be distinguished from this. Immediately after purchasing, they bill sales via the current account. There is no credit function. Another option for a loan without interest is the inclusion of the amount in the private sector.
By lending to friends and acquaintances, no interest is usually agreed with each other. A free loan is created. The amount is simply repaid by arrangement. This is probably the cheapest and most carefree way to get a loan without interest and with little effort.
So there are different lines of free borrowing, but the far larger number have a different obligation and are therefore without interest, but cause a different type of cost and are by no means free.