We often see in some stores or advertisements zero-interest loans. What are they? Should we be wary of them? Let’s take a closer look at this issue.
1. Who offers zero-interest loans?
These are generally favors granted by large retail stores or department stores that have noticed their customers are more inclined to purchase certain everyday consumer products when the price is spread over several months.
2. For what types of products?
These are loans granted by large retail stores to encourage the purchase of everyday consumer products such as hi-fi, household appliances, telephony, or internet, etc.
3. Characteristics
These are loans granted for relatively modest amounts and over very short periods (a few months).
4. Le Crédit Populaire Européen
Our brokerage company and most credit intermediaries and banks do not offer zero-interest loans at all. However, feel free to check out our advantageous rate loans in the credit solution section of our website.