The price you pay for a ‘no cost EMI’
Don't get trapped in a marketing gimmick where you end up buying a product you didn't need, that too at a higher cost
Mumbai: Picture this: you want to buy a mobile phone, but have only ₹ 15,000. E-commerce websites, including Flipkart and Amazon, tell you that you can buy a mobile phone worth ₹ 30,000 on no cost EMI, by taking a loan on credit card and paying ₹ 10,000 for three months. They also offer a discount of ₹ 638. You decide to go for it. Thinking you made a good buying decision? Here is what actually happens:
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