No Cost EMI Explained (India)
No-cost EMI should mean zero extra cost—the merchant subsidizes interest or discounts the price. Here’s how to verify before you convert.
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Verification steps
Check invoice price vs EMI total, processing fees, and whether discount equals interest. When in doubt, use our Credit Card EMI Calculator.
FAQs
Is it always zero?
No. Hidden fees or reduced discounts can change effective APR.
Better to save first?
For non-essential buys, saving first avoids finance charges entirely.