Republic Day 2024 Sales: What is No-cost EMI? Must-know pricing structure, hidden charges, benefits and more – Times of India
No-cost EMI: As the Republic Day sales kick in, financing options like no-cost EMIs (Equated Monthly Instalments) and BNPL (Buy Now Pay Later) are popular. While no-cost EMIs claim 0% interest, be wary of hidden charges, especially processing fees. In 2013, the RBI drew attention to zero percent EMI schemes, citing misleading practices and violations…