Zero-Cost EMI: The Hidden Costs of Installment Payments

Imagine you want a new phone, but don't want to pay all at once.

Zero-cost EMI lets you split the cost into monthly payments without extra interest.

Stores and banks team up to offer this.

But, you might miss out on a discount you'd get if you paid everything upfront.

Even though there's no interest, there could be other fees, like for processing or prepayment.

These offers are available at places like Amazon and through banks.