Understanding No-Cost EMIs During Festive Shopping

During festivals, stores offer "no-cost EMIs" to help people buy things by paying in installments.

This means you don't pay extra interest, but the store or manufacturer actually adds the interest cost to the product's price.

This can make big purchases seem easier on your budget.

However, there can be hidden costs, like losing out on discounts if you pay upfront, or extra fees if you miss a payment.

Also, it can affect your credit score.

So, it's smart to compare deals and see if paying all at once is cheaper.

If you choose an EMI, know the extra charges and late payment rules.