Loans with capital repayment at end of term?

sultanoflondon

Hi all,

I was wondering whether there are any loans that consumers can get that are similar to government bonds, in that the capital repayment of the loan is at the end of the term?

For example, a normal personal loan can be bought and monthly instalments include some interest and some capital repayments. Instead of this, can I get a loan for a year, pay only interest (or ideally nothing) until the end of the year, and then pay it back in full, with any interest owed, when the year is up?

Thank you!

Clive_Woody

A 0% interest credit card might work depending on eligibility, whether you can transfer funds from the card and how much you are after.

Alderbank

Clive, I think 0% interest cards require regular repayments which is not what the OP is looking for. If you miss a payment or are a day late the interest free period ceases.

I remember that some years ago some furniture retailers operated a scheme where you made no payments at all for a year, which is what the OP is asking for, then you had to repay in full within a window of a week or two, otherwise interest was due on the entire loan. They didn't send reminders beforehand and relied on buyers forgetting about the repayment until it was too late

[Deleted User]

OP the answer is NO

pvt

An interest only mortgage.

antrobus

An overdraft

jonesMUFCforever

antrobus wrote: »

An overdraft

You may find that a bank will want to see regular credits to an account or they might pull the overdraft without notice.