WHILE NO-COST EQUATED monthly instalments (EMIS) provide a convenient and seemingly costeffective way, it is imperative to approach them with a discerning eye. Understanding the fine print and evaluating the overall cost is crucial for a hassle-free experience.
A no-cost EMI allows consumers to spread the cost of a purchase over several months without incurring any interest charges.
However, while the interest is not directly charged, there might be other fees or adjustments involved in the overall cost calculation. Consumers must carefully read the terms and conditions to uncover any potential additional costs.
Restrictions on prepayments
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