Are There Really Interest-Free Loans?
The short answer: Yes, but with limitations. 0% financing is often offered by retailers to boost sales. For traditional bank loans, there are no true interest-free options.
Where to Find 0% Financing
- Electronics retailers (MediaMarkt, Saturn)
- Furniture stores (IKEA, XXXLutz)
- Car dealers (promotional models)
- Bicycle shops
How Does 0% Financing Work?
In 0% financing, the retailer covers the interest costs. The reason: Financing makes expensive products affordable for customers and thus increases sales. The interest is indirectly paid through the product price.
What to Watch Out For
- •Check if payment protection insurance is included
- •Compare the product price with other retailers
- •Read the contract terms carefully
- •Note the loan term and monthly payments
Conclusion
0% financing can be attractive, but always compare carefully. Check both the product price and the loan conditions.