Meaning of “interest-free” in the English Dictionary

"interest-free" in Business English

See all translations

interest-freeadjective

uk us FINANCE

used to describe a loan with no extra payment in the form of interest:

The card offers 59 days' interest-free credit.
You are in effect getting an interest-free loan on 30% of your mortgage.
What happens when the interest-free period expires?

interest-freeadverb

uk us FINANCE

without having to pay interest on a loan:

She lent them the money interest-free.

(Definition of “interest-free” from the Cambridge Business English Dictionary © Cambridge University Press)