Why No-Cost EMI Can’t Be for Longer Tenure?

Loan interest rates have been going down over the past 18 months. It is also evident in the examples that we use for various illustrations in our posts. Earlier, we used 9-10% p.a. for long term loans. Now, we use 7-8% p.a. in the illustrations. If you use Amazon or Flipkart, you would have noticed… Continue Reading

Credit Resolutions for 2021

It is a new year. And A new year brings new resolutions. Let us look at some of the credit resolutions for 2021 you can consider. # 1 Reduce Debt This applies to those who are currently struggling with credit burden. There are only two ways to reduce credit burden. Reduce the quantum of debt (Possible… Continue Reading

Are All EMIs Bad?

How much debt do you have? How do you answer this question? A) Rs 50 lacs for 15 years OR B) EMI of Rs 47,782 per month for 15 years? Both have the same meaning. If you track your loan amount properly, you will answer in terms of the outstanding principal amount. However, when it… Continue Reading

Instant Discount or No-Cost EMI: Which Is Better?

If you shop regularly from Flipkart or Amazon website/apps, you must already be aware of the instant discount and No-cost EMI offers. These e-tailers run such promotions regularly to attract buyers. In case of an instant discount, if you use a specific credit card or debit card for payment, you get an upfront discount. Suppose… Continue Reading

Merchant EMI vs. Credit Card EMI

You plan to buy an expensive phone from Flipkart or Amazon. You do not have the free cash to buy the phone outright or settle the credit card dues in a month’s time.  What can you do? You can buy the phone on EMIs. You have two options. You take the EMI offer available on… Continue Reading

Amazon Pay Later: How It Works?

Amazon has launched Amazon Pay Later facility. As the name suggests, you can use the facility to buy now and pay later on Amazon. In this post, let’s find out how this facility works and how you can register for the facility. How Does Amazon Pay Later Work? Amazon is an e-commerce company and cannot… Continue Reading