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This payment model essentially allows individuals to spread the cost of a purchase over a predefined period while paying fixed monthly instalments, with the added benefit of not incurring any interest or finance charges.
During the festive season, many companies and online retailers come up with no-cost EMI
No cost EMI is a payment method that allows the customer to buy desired things via monthly instalments without bearing additional interest amount.
A no-cost EMI card makes a pre-decided credit limit available to the customer to convert his purchases into EMIs. Since interest is indirectly included in the no-cost EMI by charging a higher price, there is no additional charge for the interest
Updated Feb 02, 2021 | 06:14 IST A way you can reduce credit card debt burden is by converting the outstanding amount on your card to EMIs. This rate is usually much lower than you would usually pay in a normal scenario 5 benefits of availing different forms of credit card EMI options New Delhi: Credit cards provide instant access to credit by financing your transactions till the time you are required to repay them. While card issuers do not charge any interest on transactions repaid by the due date, a high interest and late fee is applicable to those repaid after ...