{"id":25631262,"date":"2025-11-24T22:21:27","date_gmt":"2025-11-24T16:51:27","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25631262"},"modified":"2026-01-27T12:44:57","modified_gmt":"2026-01-27T07:14:57","slug":"is-no-cost-emi-really-cost-free","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/","title":{"rendered":"Is No Cost EMI Really Cost Free?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e94da373b4a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e94da373b4a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#Is_No_Cost_EMI_Really_Cost_Free_Introduction\" >Is No Cost EMI Really Cost Free: Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#What_is_No_Cost_EMI\" >What is No Cost EMI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#How_Do_EMIs_Work\" >How Do EMIs Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#The_Truth_Behind_No_Cost_EMI\" >The Truth Behind No Cost EMI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#The_Role_of_Credit_Cards_in_No-Cost_EMI\" >The Role of Credit Cards in No-Cost EMI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#Pros_and_Cons_of_No_Cost_EMI\" >Pros and Cons of No Cost EMI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#When_Should_You_Opt_for_No_Cost_EMI\" >When Should You Opt for No Cost EMI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#Alternatives_to_No_Cost_EMI\" >Alternatives to No Cost EMI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/entri.app\/blog\/is-no-cost-emi-really-cost-free\/#Is_No_Cost_EMI_Really_Cost_Free_Conclusion\" >Is No Cost EMI Really Cost Free: Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p>You must have seen a lot of no-cost EMI ads in this festive season&#8217;s offers. But are they as free as they sound? Or are they hiding some catch in the fine print?. The Indian consumer is choosing to buy now and pay later due to the lure of \u2018no interest,\u2019 whether it is expensive gadgets or home appliances. This brings us to the question. Is No Cost EMI Really Cost-Free? In this blog, we will try our best to answer this question. We will discuss what No Cost EMI is, how they work, whether there are any hidden catches, and some actionable tips that you can use to get the best deals. Let\u2019s go!<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/course\/stock-market-course\/\" target=\"_blank\" rel=\"noopener\"><strong>Learn stock marketing from experts in the field! Join the Entri online course now!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_No_Cost_EMI_Really_Cost_Free_Introduction\"><\/span><strong>Is No Cost EMI Really Cost Free: Introduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many internet sources suggest that a good portion (as big as 30 percent) of salaries in India are spent on repaying EMIs. This is already a huge mark, but it will seem even bigger when we realize that EMIs are often used by people in middle- and lower-income classes. But the question is, is this benefiting them? Is No Cost EMI Really Cost-Free? If we think logically, they seem too good to be true. The promise of paying &#8216;nothing extra&#8217; or \u2018zero interest\u2019 seems amazing, right? Let us dig a bit deeper and look at the fine print to understand the true face of this financial offer.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25631266 size-full\" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection.webp\" alt=\"Is No Cost EMI Really Cost Free\" width=\"1080\" height=\"828\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection.webp 1080w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection-300x230.webp 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection-1024x785.webp 1024w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection-768x589.webp 768w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection-150x115.webp 150w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2025\/11\/The-Truth-Behind-No-Cost-EMI-visual-selection-750x575.webp 750w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_No_Cost_EMI\"><\/span><strong>What is No Cost EMI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At a glance, the No Cost EMI (Equated Monthly Installment) looks like a lifesaver to people who could otherwise never afford many expensive products. What they offer is the opportunity to buy a product by splitting the price of the said product into monthly payments without making you pay any other amount additional to the cost listed in the price tag, such as a down payment, additional interest, or processing fees. This is how they are advertised, and hence people think that this is a good way to buy expensive things without straining their monthly budget.<\/p>\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  style=\"display: block; margin: 0px auto;\"  id=\"_ytid_77520\"  width=\"480\" height=\"270\"  data-origwidth=\"480\" data-origheight=\"270\"  data-relstop=\"1\" src=\"https:\/\/www.youtube.com\/embed\/nnfb_pF3d2k?enablejsapi=1&autoplay=0&cc_load_policy=0&cc_lang_pref=&iv_load_policy=1&loop=0&rel=0&fs=0&playsinline=1&autohide=2&theme=dark&color=red&controls=1&disablekb=0&\" class=\"__youtube_prefs__  no-lazyload\" title=\"YouTube player\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Do_EMIs_Work\"><\/span><strong>How Do EMIs Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The EMI work in the following steps.<\/p>\n<ul>\n<li>The price of the product you brought is broken down into smaller equal monthly installments that need to be paid over a range of 3 to 24 months.<\/li>\n<li>They advertise that you will have to pay only the original product cost over the period. So there are no visible interests or additional charges.<\/li>\n<li>You can choose the size of your monthly payment by choosing from the various tenures available.<\/li>\n<li>Top ecommerce sites and retailers offer them at checkout. They offer it for debit card, credit card, and even cardless options.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"The_Truth_Behind_No_Cost_EMI\"><\/span><strong>The Truth Behind No Cost EMI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The advertised \u2018no cost\u2019 part always sounds enticing. But the truth is that for everything, there is a cost. If it&#8217;s not paid by you, then it is paid by another party that is involved in the transaction. Even RBI has warned that true zero percent interest is nonexistent in the lender world. It&#8217;s either the amount absorbed by the brand or retailer. Otherwise, it is cleverly hidden in the pricing strategy or fees or will appear as a loss of upfront discounts.<\/p>\n<p>Some banks and lenders also charge a processing fee of 2-3% of the product value as well as GST (which is around 18% now). All these additional charges increase the overall cost even when the EMI amount appears \u201cinterest-free.\u201d Another thing that we need to consider is the price inflation. Sometimes the product\u2019s MRP is slightly inflated. In some other cases the \u201cNo Cost EMI\u201d version is billed higher.<\/p>\n<p>The seller will find a way to add a hidden interest portion to the sale price. We will provide an imagined real-life scenario below so that you will understand the things discussed here better.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Details<\/strong><\/td>\n<td><strong>Lump Sum Payment<\/strong><\/td>\n<td><strong>No Cost EMI Payment<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Smartphone MRP<\/td>\n<td>\u20b950,000<\/td>\n<td>\u20b950,000<\/td>\n<\/tr>\n<tr>\n<td>Festive Discount<\/td>\n<td>\u2013\u20b910,000<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>Processing Fee (2%)<\/td>\n<td>\u20b90<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>GST on Fee (18%)<\/td>\n<td>\u20b90<\/td>\n<td>\u20b9180<\/td>\n<\/tr>\n<tr>\n<td>Final Outflow<\/td>\n<td>\u20b940,000<\/td>\n<td>\u20b951,180<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>What we can understand from this table is that you could have saved \u20b911,180 by paying the lump sum with a discount rather than going with the \u201cNo Cost\u201d EMI option. RBI has issued several warnings against branding typical EMI conversion schemes as \u201cno cost\u201d if they are camouflaging the costs and not offering true service. The guidelines enforce that the seller should provide full disclosure of the interest rate, processing fees, and any \u201clost\u201d discounts. There should be full transparency about all the extra charges, in line with its latest digital lending and personal loan regulations. It&#8217;s best if you watch out for hidden costs such as<\/p>\n<ul>\n<li>Loss of cashback or reward points when using credit cards for making EMI payments.<\/li>\n<li>Early Foreclosure Penalties, which are additional charges a consumer must pay if they want to close their EMI before the term. This charge effectively renders the whole scheme \u2018not free.\u2019<\/li>\n<li>GST enforced on processing fees. Even when the processing fee is a small amount, a massive 18% GST can increase the effective outflow.<\/li>\n<\/ul>\n<table width=\"468\">\n<tbody>\n<tr>\n<td colspan=\"2\"><strong>Gain Financial Literacy in your Mother Tongue<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/entri.app\/course\/stock-market-course-in-malayalam\/\">Stock Market Course in Malayalam<\/a><\/td>\n<td><a href=\"https:\/\/entri.app\/course\/mutual-funds-course-in-kerala\/\">Mutual Funds Course in Malayalam<\/a><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/entri.app\/course\/stock-market-course-in-tamil\/\">Stock Market Course in Tamil<\/a><\/td>\n<td><a href=\"https:\/\/entri.app\/course\/mutual-funds-course-in-tamil\/\">Mutual Funds Course in Tamil<\/a><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/entri.app\/course\/stock-market-course\/\">Stock Market Course<\/a><\/td>\n<td><a href=\"https:\/\/entri.app\/course\/mutual-funds-course\/\">Mutual Funds Course<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"The_Role_of_Credit_Cards_in_No-Cost_EMI\"><\/span><strong>The Role of Credit Cards in No-Cost EMI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most popular channel for EMIs, at least in India, is credit cards. There is a surge in credit card transactions via credit card, and lenders and banks are trying to take advantage of this by offering zero-interest EMI to lure credit-savvy shoppers. But how does this work? Let us see.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Aspect<\/strong><\/td>\n<td><strong>How Credit Cards Enable No Cost EMI<\/strong><\/td>\n<td><strong>Why It Matters for Consumers<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Purchase Conversion<\/td>\n<td>Credit cards allow big-ticket purchases (phones, appliances, laptops) to be split into EMIs instantly at checkout.<\/td>\n<td>Makes expensive items affordable without upfront payment.<\/td>\n<\/tr>\n<tr>\n<td>Interest Waiver<\/td>\n<td>Banks and merchants absorb the interest cost, so the customer pays only the product price.<\/td>\n<td>Ensures buyers don\u2019t pay extra beyond the listed price.<\/td>\n<\/tr>\n<tr>\n<td>Partnerships with Retailers<\/td>\n<td>Leading e-commerce platforms (Amazon, Flipkart, Tata CLiQ, Ajio) tie up with banks to offer No Cost EMI.<\/td>\n<td>Expands access to EMI options across popular shopping sites.<\/td>\n<\/tr>\n<tr>\n<td>Hidden Charges<\/td>\n<td>While marketed as \u201cno cost,\u201d there may be processing fees, GST, or penalties if payments are delayed.<\/td>\n<td>Consumers must read terms carefully to avoid unexpected costs.<\/td>\n<\/tr>\n<tr>\n<td>Flexibility in Tenure<\/td>\n<td>Credit cards provide multiple tenure options (3, 6, 9, 12 months).<\/td>\n<td>Buyers can choose repayment duration that fits their budget.<\/td>\n<\/tr>\n<tr>\n<td>Exclusive Offers<\/td>\n<td>Banks often provide special discounts or cashback when using No Cost EMI.<\/td>\n<td>Adds extra value beyond just installment convenience.<\/td>\n<\/tr>\n<tr>\n<td>Credit Utilization<\/td>\n<td>The EMI amount blocks part of the credit limit until repayment.<\/td>\n<td>Important for managing available credit and avoiding overuse.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Pros_and_Cons_of_No_Cost_EMI\"><\/span><strong>Pros and Cons of No Cost EMI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Like any other credit method, no cost EMIs also has pros and cons. Look at the table below.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Pros<\/strong><\/td>\n<td><strong>Cons<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Makes big purchases affordable<\/td>\n<td>Hidden charges (processing fees, GST)<\/td>\n<\/tr>\n<tr>\n<td>No extra interest cost<\/td>\n<td>Reduced discounts or inflated product price<\/td>\n<\/tr>\n<tr>\n<td>Easy on monthly budget<\/td>\n<td>Credit limit gets blocked until repayment<\/td>\n<\/tr>\n<tr>\n<td>Flexible tenure (3\u201312 months)<\/td>\n<td>Limited tenure options compared to loans<\/td>\n<\/tr>\n<tr>\n<td>Widely available on e-commerce &amp; retail<\/td>\n<td>Risk of overspending due to easy access<\/td>\n<\/tr>\n<tr>\n<td>Quick approval &amp; checkout<\/td>\n<td>Penalties for late payments<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"When_Should_You_Opt_for_No_Cost_EMI\"><\/span><strong>When Should You Opt for No Cost EMI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are instances in which you should opt for no cost EMI and ones in which you should avoid it. Look at the table below to understand more.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Opt For No Cost EMI<\/strong><\/td>\n<td><strong>Avoid No Cost EMI<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Buying big\u2011ticket items (phones, laptops, appliances)<\/td>\n<td>If hidden charges like GST or processing fees apply<\/td>\n<\/tr>\n<tr>\n<td>Managing monthly cash flow without upfront burden<\/td>\n<td>When product price is inflated or discounts are removed<\/td>\n<\/tr>\n<tr>\n<td>Short repayment tenure (3\u201312 months) suits your budget<\/td>\n<td>If EMI blocks too much of your credit card limit<\/td>\n<\/tr>\n<tr>\n<td>Confident about timely repayments (no late fees risk)<\/td>\n<td>When tempted into impulse or unnecessary purchases<\/td>\n<\/tr>\n<tr>\n<td>Extra perks like cashback or bank offers are included<\/td>\n<td>If repayment discipline is uncertain<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"rel-table\">\n<tbody>\n<tr>\n<th colspan=\"2\">Related Articles<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/entri.app\/blog\/muthoot-finance-ltd\/\" target=\"_blank\" rel=\"noopener noreferrer\">Muthoot Finance Ltd: Kerala&#8217;s Gold Loan Giant and Its Rise to Market Leadership<\/a><\/td>\n<td><a href=\"https:\/\/entri.app\/blog\/manappuram-finance-share-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer\">Manappuram Finance Share Analysis: Is the Gold Loan Giant Worth Investing In?<\/a><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/entri.app\/blog\/which-bank-should-you-choose-for-home-loan\/\" target=\"_blank\" rel=\"noopener noreferrer\">Which Bank Should You Choose for a Home Loan?<\/a><\/td>\n<td><a href=\"https:\/\/entri.app\/blog\/the-rise-of-emi-culture-in-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Rise of EMI Culture in India<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Alternatives_to_No_Cost_EMI\"><\/span><strong>Alternatives to No Cost EMI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some alternatives you can opt for instead of no cost EMIs are discussed below.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Option<\/strong><\/td>\n<td><strong>How It Works<\/strong><\/td>\n<td><strong>Best For<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Standard EMI on Credit Card<\/td>\n<td>Interest is charged on monthly installments<\/td>\n<td>Buyers okay with paying interest for longer tenure<\/td>\n<\/tr>\n<tr>\n<td>Debit Card EMI<\/td>\n<td>EMI linked directly to your savings account<\/td>\n<td>Those without credit cards but with steady bank balance<\/td>\n<\/tr>\n<tr>\n<td>Consumer Durable Loans<\/td>\n<td>Offered by NBFCs or banks for appliances\/electronics<\/td>\n<td>Shoppers wanting flexible repayment outside credit cards<\/td>\n<\/tr>\n<tr>\n<td>Buy Now, Pay Later (BNPL)<\/td>\n<td>Short\u2011term credit, repay in weeks\/months<\/td>\n<td>Small purchases or quick cash flow needs<\/td>\n<\/tr>\n<tr>\n<td>Personal Loan<\/td>\n<td>Lump sum loan repaid in EMIs with interest<\/td>\n<td>Larger expenses beyond retail shopping<\/td>\n<\/tr>\n<tr>\n<td>\u00a0Zero\u2011Interest Financing Offers<\/td>\n<td>Retailer\/bank absorbs interest for promotional period<\/td>\n<td>Seasonal deals or festival shopping<\/td>\n<\/tr>\n<tr>\n<td>Saving &amp; Paying Upfront<\/td>\n<td>Delay purchase until savings are sufficient<\/td>\n<td>Avoiding debt and interest completely<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/course\/stock-market-course\/\" target=\"_blank\" rel=\"noopener\"><strong>Join Entri online course to learn stock marketing fundamentals from experts in the field!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_No_Cost_EMI_Really_Cost_Free_Conclusion\"><\/span><strong>Is No Cost EMI Really Cost Free: Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this blog we have clearly answered the question \u201cIs No Cost EMI Really Cost Free?\u201d. It is not. So go for no cost EMI only in the following cases<\/p>\n<ul>\n<li>Product price is genuine<\/li>\n<li>Repayment tenure suits your budget<\/li>\n<li>You are confident about timely payments.<\/li>\n<\/ul>\n<p>No cost EMIs are a smart tool for planned purchases. But never ever use them for your impulsive purchases. It will become a huge hit on your credit score and cashflow in long-term. Alternatives like BNPL and Debit cards are useful for short term needs. But you will need personal loans to meet bigger expenses. Saving up for sometimes and paying upfront is always the safest choice if you want to stay debt free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You must have seen a lot of no-cost EMI ads in this festive season&#8217;s offers. But are they as free as they sound? Or are they hiding some catch in the fine print?. The Indian consumer is choosing to buy now and pay later due to the lure of \u2018no interest,\u2019 whether it is expensive [&hellip;]<\/p>\n","protected":false},"author":90,"featured_media":25631265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,1904,1841,1867],"tags":[],"class_list":["post-25631262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-entri-elevate","category-entri-skilling","category-stock-marketing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is No Cost EMI Really Cost Free? - Entri Blog<\/title>\n<meta name=\"description\" content=\"Is No Cost EMI Really Cost Free? 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