soft loan

noun

1. a loan on which interest is not charged, such as a loan made to an undeveloped country

Example Sentences

Nepal has also decided to accept $659 million in aid from the United States and about $150 million in soft loan from the World Bank, Sharma said.

Read more on Reuters

The government's soft loan, which does not carry penalties for late payment, means Ms Gómez has been able to buy enough maize flour for the entire year.

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“You have soft loan growth and you’re still feeling the impact from aggressive Fed actions earlier this year,” said analyst Jason Goldberg of Barclays.

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This follows measures announced two weeks ago that included a soft loan, mortgage payment holidays, rent subsidies and beefed-up higher education financing.

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In the UK, major carrier easyJet got a £600m soft loan, weeks after its biggest shareholder received almost £60m in dividends.

Read more on The Guardian