Yes, RBI clarified that no such term exists as the banks earn their profit from interests. Therefore, it would not be wise to believe in advertisements that suggest some unbelievable deal. However, there are certain schemes where the interest rates are pulled down to a very low amount and, in some cases, are even exempted. This is a highly unstable and unreliable matter. Maintaining extra caution while reading terms and conditions is the most valuable part of choosing a loan.