What is No-Cost EMI and Does it Work to Your Benefit?

1
What is No-Cost EMI and Does it Work to Your
Benefit?
2
No-cost EMI meaning

• It is a discount on product cost, equivalent to
  the interest that would have been levied.

3
How does no-cost EMI function?

• Discount equals interest - Amount paid is shared
  between the retailer and the lender (interest
  portion).
• Interest amount added to the product price - The
  interest amount, along with the processing fee,
  is added to the product cost.

4
No-cost EMI advantages
5
Increased affordability

• You can purchase expensive products without
  paying the entire sum at once.

6
Zero-cost interest

• The no-interest feature allows you to keep the
  EMI within your budget.

7
Availability

• It is available on numerous e-commerce platforms
  as well as with a few offline merchants.

8
Is it wise to opt for no-cost EMI?

• Suitable for buying expensive products.
• Convenient in case you don't have enough cash to
  pay upfront.
• Suitable in case you are getting an additional
  discount.
• Beneficial for building credit history via short
  term consumer durable loans.

9
No-cost EMI is not available on all products.
Check the terms and conditions before taking a
decision.
10
T
!
hank You
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
Know More https//bit.ly/3x0h8Jm