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IS NO COST EMI TRUE ?

No-cost EMI is a tactic used by online shopping sites to attract customers who buy products through credit cards. Now, shops have also started following this. Is it really the buyer get benefits from this?  

When you select No-cost EMI to buy product, only the names of certain banks come up, those respective banks pay an amount to the online sites or shop who sells those goods as a commission for listing them.

When we use a credit card of any of those banks, we have to pay a processing fee of 200 upto as per the price of the goods we buy, and if we fail to pay the loan installment under any circumstances, we will be charged 30 to 40% interest.

By buying goods in bulk, the company gets the product at a discounted price, but they will only set the price by adding the interest we have to pay to it or they will give us the MRP price. 

Banks give to online shopping site or shop the real discounted price of the product, but they charge us the amount the site/shop sold it to us, plus processing charges, interest if the payment is late, so the bank gets the most benefit, and the site/shop that sold the product gets a commission from the bank for listing their card and instant cash of product. 

Customers only get the satisfaction of buying the product on interest-free credit. But they are buying the product with interest without knowing it.
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Comments

  1. AnonymousDecember 27, 2024 at 11:13 AM

    I like it ❤️❤️❤️❤️

    ReplyDelete
  2. AnonymousDecember 31, 2024 at 10:43 AM

    I liked u

    ReplyDelete
  3. AnonymousDecember 31, 2024 at 6:58 PM

    Hello

    ReplyDelete
  4. Balagopal MenonJanuary 5, 2025 at 7:30 PM

    Thanks for these useful info. You are intelligent and smart as well as beautiful hot sexy and elegant. True sense of beauty with brains ♥️♥️♥️😍😍🔥🔥

    ReplyDelete
  5. Personal Loan InformationJune 18, 2025 at 5:22 AM

    I can see this being especially relevant when financing a Car Loan
    dealerships often push no-cost EMI schemes, but when you run the numbers, you might actually be paying more compared to paying interest upfront or negotiating a better interest rate.

    ReplyDelete

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