1, the parent and subsidiary companies can borrow money without interest. A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. At present, the law does not explicitly prohibit interest-free loans between parent and subsidiary companies. Therefore, in civil activities, the loan contract between the parent company and the subsidiary company can stipulate that no interest is calculated, that is, interest-free loans.
2. Legal basis: Article 674th of the Civil Code of People's Republic of China (PRC).
The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.
Article 675
The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
2. What are the conditions for interest-free loans?
The terms of the interest-free loan are as follows:
1. The borrower has reached the age of 18, has full capacity for civil conduct and is a legal citizen;
2 loans for planting, breeding, self-help or project construction; The project is conducive to social and economic development and has a good prospect;
3. The borrower has a fixed address or a fixed business place in the borrowing place, and has a local account;
4. The borrower has the ability to repay the principal and interest of the loan and has a sustainable economic source.