Category: Guide
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No Cost EMI vs EMI
No Cost EMI is new term from 2016 , where some online and offline stores provide zero cost EMI or 0% interest rate. In Sept 2013 RBI (Reserve Bank of India) banned?zero percent EMI schemes [notification] In No Cost EMI scheme, some online stores like Flipkart, Amazon offer upfront discount on product which equal to…
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No Cost EMI Meaning – Explained
To understand No Cost EMI first let me explain what is EMI on credit card. If you want to buy large value item credit card company ( bank) give your credit or loan and charge some interest , and you pay that installment monthly. No Cost EMI is offered by Seller ( i.e Amazon /…