Anushka Rathod Exposes the Truth Behind No Cost EMI Schemes

Are "No Cost EMI" schemes really as good as they seem? Finance content creator Anushka Rathod sheds light on this widely popular financing option. With India's top e-commerce platforms reporting that 25% of last year's purchases were made on EMI, consumers are often drawn to the "No Cost EMI" offers. However, Anushka reveals that even these seemingly interest-free offers come with hidden charges. Read on to learn about the unseen costs and how to identify them.

The Hidden Truth Behind No Cost EMI Schemes

At first glance, "No Cost EMI" seems like a great deal – allowing you to purchase now and pay in installments without added interest. But as Anushka Rathod explains, this isn't the full picture. Even in these offers, consumers may unknowingly pay more than they should. The EMI amount is calculated as Principal + Interest, but the seller often covers the interest, giving the illusion of a "No Cost" option. What remains hidden, however, are additional fees and charges.

Hidden Fees in No Cost EMI

What are these hidden fees? Anushka warns that certain charges like GST on interest, processing fees, and other miscellaneous costs can still apply. Even though the interest may be covered, you may end up paying these charges out of pocket, increasing the actual cost of your purchase. These fees, which are often not highlighted during checkout, can add a significant amount to your final bill.

Find Hidden Charges with a Browser Extension

To help consumers avoid these unexpected fees, Anushka recommends using a specific browser extension designed to identify hidden costs in "No Cost EMI" schemes. This extension can detect charges like GST on interest or processing fees and provide customized information based on the bank you're using. With this tool, you can make more informed decisions before opting for an EMI plan.

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Anushka Rathod's insights into the "No Cost EMI" schemes remind us to be cautious about what seems too good to be true. While these offers are tempting, they may still come with hidden fees that can affect your budget. Use the recommended browser extension to uncover all hidden costs and make smarter financial choices.