Loan

The loans are zero-rate financing with no interest and no charges for opening and closing. But we must begin by clarifying a basic misunderstanding.

A loan rate to zero, the practice can not exist. A bank does not ever pay a mortgage if not precisely in order to be able to derive an adequate income by applying an interest rate. And do not ever deal with a sum of money for several years just to get back the same amount.

So if a bank offers a mortgage rate to zero, as a minimum is "emphasizing" the conditions of the loan that must be proposing. It 'may refer to special promotions of limited duration in which the costs are, and not the rate to be zero. Or is it possible that, again for promotional purposes and for a limited period, is close to zero the spread on the official rate applies. Finally, it is possible that the bank intends to apply particularly facilitated the beginning of the period of repayment of the loan (the so-called rate of entry). In any case it is very important to read and understand the loan terms, especially in front of tenders advertised with the definition of "zero" for assessing the true value.

Completely different is the case of a loan, this time with no real interest and costs of opening and closure, achieved with the contribution of a public body to promote certain social categories.

Regional loans should be noted that generally lasts only 10 years and may include various kinds of facilities (interest free, repayable contributions) even in proportion to the requirements possessed, to see which you should check the official invitation.