The Truth of No-Cost

EMI

No Cost
EMI
Concept of No Cost EMI

No Cost EMI is an offer

by which you pay your
EMI provider only the
product price equally
divided over your
repayment timeline.
 Well, before falling There is nothing
into the trap, you like a free lunch!
must recall the quote

The most prominent way by which sellers

offer No-cost EMI is by offering discounts
Suppose you want to buy a refrigerator of
MRP Rs 100,000
The retailer offers you for Rs 90,000 on the
occasion of festive discount
But this offer is applicable only if you pay
the entire amount up front!
 Decoding No-cost EMI
Now you agree to buy at Rs 100,000 and the
retailer will not offer you any discount. So
why is this so?

DISCOUNT
NO
Now since you opted for no-cost EMI, you
will be paying Rs 16,666 for 6 months
thinking that you have 0 interest.