Amazon lending offer without interest
Hello, All sellers,
I would like to know if Amazon lending offers can work without interest scheme? I mean if there is way to take loan from Amazon but repay the same amount like if Amazon lends me £7300 then I would have to return the same £7300 and not more than that which means no interest on this loan. Any help on how to return the same amount will be appreciated.
Thanks
Amazon lending offer without interest
Hello, All sellers,
I would like to know if Amazon lending offers can work without interest scheme? I mean if there is way to take loan from Amazon but repay the same amount like if Amazon lends me £7300 then I would have to return the same £7300 and not more than that which means no interest on this loan. Any help on how to return the same amount will be appreciated.
Thanks
21 replies
Seller_7VbclcPFFRTnc
I’d be surprised if there’s anyone out there offering 0% loans
Seller_77IcbQKVGdZo0
The only lenders who really give you interest free cash are credit cards but there are catches to this. You have to pay a fee to get the cash and if you don’t pay it back in so many months you are often hit with high interest rates.
However if you can find such a credit card provider and understand the liability is on you if you can’t pay it back then it can be a good way of boosting your business.
Another good way of boosting your business is to ask close family for a loan. Obviously they need to be aware of the risk and be willing to lend you the Money but parents will often help out.
Most lenders though will charge you interest on a loan. It is the way they make Money, if they didn’t do this they wouldn’t make any Money! I doubt very much Amazon Lending will give you a 0% loan.
If you do find a lender who can give a 0% loan with no guarantees I think most of us would be very interested!
Seller_SITNVuZK87zGK
If you happen to find anyone offering such a service, do let us know, I’ve got a mortgage to pay off.
Seller_rGtEcZnu0JTRD
Absolutely no chance, Amazon are a business here to make money, any loan offers they make are I believe currently on 11.9% interest, this is not negotiable and very much take it or leave it, there is no company out there that are going to allow you to borrow money for free.
Seller_gLuAKrzt1EbIV
Similar loan is visible in my account page, when I enter below offer says hello to me. I did not go further but they must have interest rate as repayment amount is about 1 to 20 percent more than loan offered. Probably it is related with repayment period, longer the repayment period, more interest paid.
Seller_MgClc1ou2ufoI
I got offered the same “merchant cash advance” few days ago, the claim is that it is interest fee and and the total repayment is fixed fee and repayment is dependent on revenue.
They are probably offering them because of buy now pay later are very popular which are interest free
Seller_Xpg0j76yeJ7rb
The lender is you lend. They work with card providers like DOJO and also the other online marketplace of note in the UK.
Its a very simple process. They offer you ‘say’ £7000 and you are asked to repay £7500 from your daily takings. Amounts are illustrative not actual!
Each day or when disbursements are made they deduct the agreed percentage of your disbursements and forward the rest to you same day.
Its an ideal solution if you are short of funds to buy stock AND can turnover stock bought from the advance quickly and at a good margin.
Takes a couple of days to arrange…
Seller_iGWb1Mzt8ZCnz
the closest you will get is from suppliers that you have built a reputation up with over years , some i order from and they dont invoice me till up to 60 days after , but that isnt usually a normal practice , as for 0% loans they dont exist.
Seller_8f9uYRNpwImUV
I wouldn’t trust taking any offer of ‘borrowing’ money out with these, remember they control everything you do selling on here so if you owe them money well, I can’t see it ending well. They don’t even offer seller support, just let folk basically work for them for free solving their problems on these forums and more than happy to let people do that for them obviously!!
