You will still have credit checks and collaterals as usual. The person taking on the loan absorbs all risk in exchange for not having a interest accumulate. Thi

You will still have credit checks and collaterals as usual. The person taking on the loan absorbs all risk in exchange for not having a interest accumulate. Think of it this way, with APR loan, how much you pay at the end depends on how the interrst rate is adjusted and how long it takes you to pay off. With my approach you might end up owing a lot of money but it will never depend on how fast you can pay it off. It will not canibalize your cash flow like an interest debt. The debtor gets free loss insurance and debtee gets freedom from interest and the total cost depends on the currency value at the time of first payment. Also,the total cost will not be a surprise to anyone, the person taking on the loan knows how much they have to pay back. Ideally if you don't have credit, you will need to place in escrow some amount of the base loan and take on more risk in terms of paying at a higher valuation should the currency value be higher at the time of payment(which all goes away with collateral or good credit score) Anyway, I was just thinking out loud my idea. I hate interest and mandatory insurance alike.