Splurge with zero-cost EMIs

THE FESTIVE SEASON in India brings with it a surge in shopping, further fuelled by e-commerce platform-led offers. From home upgrades to wardrobe refresh, consumers tend to make bigger, more aspirational purchases during this season.

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While these purchases are an essential part of festivities, they can also strain household budgets, if not planned wisely. This is where the zero-cost EMI payment option comes into play, allowing consumers to make big-ticket festive purchases manageable without disturbing their monthly cash flow.

Zero-cost EMI vs regular EMI

Many high-value purchases can be converted into standard EMIs, but this option generally comes with an interest rate ranging from 12% to 18% per annum, which adds to the total cost. A smartphone priced at ₹65,000, for instance, would cost around ₹70,000 if you choose a 12-month EMI at 15% interest rate.