Its somewhat beneficiary but gets some loss. The benefit is any costly item can be buy by the middle class families. The loss is some extra money which is interest.
But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.
Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.
Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.
“A mistake is a crash-course in learning” – Billy Anderson
But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.
Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.
Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.
Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.
But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.
Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.
Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.
Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.
Everything has its advantages and disadvantages but weighing all good and bad points the customer should take an informed decision.
“A mistake is a crash-course in learning” – Billy Anderson
But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.
Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.
Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.
Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.
Everything has its advantages and disadvantages but weighing all good and bad points the customer should take an informed decision.
Straight out buying creates opportunities for concessions, whereas for buying with EMI it does not provide any such concession from total amount.
We all know that by opting out for an EMI option we tend to pay more in the end...but for a salaried consumer whose income is limited and it is best to buy and spread out the expenses over a period of time.
“A mistake is a crash-course in learning” – Billy Anderson
Straight out buying creates opportunities for concessions, whereas for buying with EMI it does not provide any such concession from total amount.
We all know that by opting out for an EMI option we tend to pay more in the end...but for a salaried consumer whose income is limited and it is best to buy and spread out the expenses over a period of time.
Here convenience is the prime factor. You cannot have the cake and eat it too
