Concessional loan (also soft loan)
Loan, usually extended to poor countries or needy borrowers, on more favourable terms than market rates (e.g. lower interest, longer maturity, grace periods before payment of interest or payment of principal).
Loan, usually extended to poor countries or needy borrowers, on more favourable terms than market rates (e.g. lower interest, longer maturity, grace periods before payment of interest or payment of principal).