<ul><li>No-cost EMI allows you to divide the cost of a product into monthly instalments without any interest.</li><li>The interest is factored into the EMI, but merchants or lenders provide an equivalent discount to offset it.</li><li>No-cost EMI may have shorter repayment tenures and processing fees, increasing the overall cost of the product.</li><li>EMIs on credit cards may exclude rewards and cashback benefits, and the credit limit is blocked for the entire transaction amount.</li></ul>

Opting for no-cost EMI to buy consumer durables

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