0% EMI is not zero % Interest

We often get eluded during festive seasons to buy our favorite products at 0 % EMI but wait is it actually favourable 🙄

0% EMI means that you don’t have to pay any amount over and above the shown price and that too in Equated Monthly Installments say, 12 months but have you wondered that this type of selling strategy favors Consumer Brands creating a deep hole in your pocket 🤔

It’s a mind playing strategy played by Brands as you are not required to pay lumpsum today so you end up buying things which you don’t need currently 🙄

We don’t realize but we actually create a monthly liability for ourselves.

What’s the solution for this ?

Spot Payment

Well, Spot payment gives you ability to bargain and get additional discount which is always beneficial.

Leverage Advantage

Taking Products on EMI is worthful if you think you can invest the same amount and can get higher return thereby creating a leverage.

Feasible Planning

In all other cases having a proper plan regarding your EMIs can help you plan monthly expenditure as these will be an additional expense for you apart from your monthly expenditure that’s annoying though !!!

Thank you for reading.