The amount of money borrowed Nevada

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    There is one big question mark

    related to interest-free loans, which is a search for motivation to borrow money without interest.

        Many customers are mistaken if they consider the interest paid as the main source of income for the loan. Banks are constantly working on a new methodology, thanks to which they set various commissions in order not to be at a loss, despite the zero percent. The team tests the contenders for a great marketing ploy, which, however, in many cases benefits the customer's wallet.

    Why do banks give interest-free loans?

      As a welcome gesture, they attract new customers who have never taken out a loan.

    Record cheap loans allow banks to reduce interest rates to zero and still not convert
    these are only seasonal temporary programs that are part of a marketing strategy.