Скачать или смотреть 17 NO COST EMI is COSTLY!

17 NO COST EMI is COSTLY! #shorts #emi #amazon

While buying any product, we often see the option of either buying it at full payment or on no Cost EMI. While the option of No cost EMI seems attractive, in reality it is a big scam. EMI is a type of loan and the concept of Interest free loan or No Cost EMI does not exist.

However, applications like Amazon or Flipkart still advertise no cost EMI on their website. But RBI has clarified that no Cost EMI is a false advertisement and the scheme is deceptive and not correct.

If you check the price of Iphone 15 of Amazon. The price of one time payment is less, but the price increases as soon as you change it to EMI payment. Hence, in reality the price of interest payable on EMI is already added in the product price. Only in very limited cases, the price does not change when you chose no cost EMI. Watch the video, to know about it all!

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