In a modern monetary system, money is not issued by governments, but by the central bank as a debt with accrued interest. Those who agree to use that kind of money, cannot ever and anyhow return it because only the principal is issued into circulation, money for payment of interest does not exist. How can someone return 15 liters of milk for a loan of 10 liters of milk, if all cows are owned by the central bank? Furthermore, today, almost every other kind of bank is also an issuer of money. A small portion of everything in the global circulation is called the legal tender money and the other much larger part is the so-called bank currency.

How does the bank money work? When a bank lends money to someone, bank will not remain without this money like all the rest of us. Contrary to the generally accepted opinion, the bank doesn't lend money that other people have deposited - bank simply writes a check to its clients for money that didn't exist until that moment. The unustainable situation, in this way, inevitably sooner or later leads to a total disaster. How to pay back 1000, when there are only 10?

In the Crom monetary-financial mechanism, the interest simply does not exist. Within the Crom Alternative Currency System, only one kind of money circulates - the original currency.

Let's just remember for a moment of Nikola Tesla. Try to think also of all those other projects in the best interest of mankind which were not funded because they weren't profitable for the narrow circle of influential people. There are countless examples in many sectors: renewable energy, local food production, education...

The Crom Interest-Free Loan is an "all in one" solution. It can be a short term loan, medium-term loan, long-term loan, microcredit or a consumer loan. In other words, the Crom Interest-Free Loan is a loan on which no interest is paid.

By avoiding the need for establishing adverse relationships with banks, this financial solution, in a form of a development engine, stimulates the individual business and a common economy in a different way - effective and sustainable. What is most important is that the inexistence of interest, rather than unnatural mutual competition, instinctively encourages people to cooperate.

Through the issuance of an alternative currency, in the spirit of the philosophy of "no usury", with interest-free loans that are much easier to repay than expensive loans offered by the banks on the global market - we finance new sustainable individual and collective proposals, ideas and business.

The Crom Loan Without Interest is a particularly good option for local communities and eco-villages, workers, small farmers, small businessmen and small merchants who all together do not have to worry anymore about how the interest rates will move.


Loan Terms

Minimum loan amount: 100 crom.
Interest rate: 0%.
Loan approval administrative costs: 8 crom.

The loan request form can be found under the section "Personal / Documents" inside the system in the main menu on the left side.

The loan application, among other information, inquires the following as well: The value of products and services that the applicant is offering on the Crom Marketplace.

Non-Verified Member can not take out a Crom Interest-Free Loan.


Loans Overview

In the menu "Account / Loans", members have a clear and simple overview of all their loans, which are divided into two basic types - open and closed. Depending on this status, reviewing the loan leads to various information such as the description of the loan, total loan amount, monthly repayments that have already been made and so forth. For open loans, in addition to remaining installments, the dates for payments and the "repay" button are provided.