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When you buy a certain product and want to pay in EMIs, you can go for no-cost EMIs. 

This means you can pay for its price in equated monthly instalments.

It is usually approved only to the customers with a credit card of a bank.

Payment for a purchase can be staggered across a few months in EMIs.

One can get the loan approved instantly without having to visit the bank branch.

There are some fintech players that offer no-cost EMI options even without a credit card.

One must first ensure that the online merchant has partnered with it. 

It is made for customers with a credit card with a pre-approved overdraft limit. 

This is a good alternative for customers who don’t want to loosen their purse strings.

Click here to read more about no-cost EMI.

Check here for more personal finance stories.

What is no-cost EMI?

To save money on interest, you can make payment for your online purchases via interest-free equated monthly instalments (EMIs). 

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What is no-cost EMI?

To save money on interest, you can make payment for your online purchases via interest-free equated monthly instalments (EMIs).

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