Do unlimited shopping: Benefits of No Cost EMI Option

No Cost EMI scheme allows you to do online shopping without paying any additional fee.

Created On: Dec 13, 2017 15:13 IST
Do unlimited shopping: Benefits of No Cost EMI Option
Do unlimited shopping: Benefits of No Cost EMI Option

Ever since the rise of online shopping, customers have been going gaga over it. The trend of online shopping has now become a cult, which today’s generation is following like the Bhakti movement. And why shouldn’t they? It helps them to scroll over multiple ranges of products and buy them on the go, saving time, which is nothing but gold dust for online users. Interestingly, massive discounts and sales offers on user’s favorite products are the major driving force behind the popularity of online shopping.

The shopping possibilities in the online sphere is endless, however, the financial freedom of customers are limited. To bridge this gap, brands have started offering EMI options, which allow customers to pay the whole amount in monthly break-ups and they charge a nominal interest rate for doing so. Well, that’s seems fine.

Coming to the concept of No Cost EMI, it’s a scheme adopted by online shopping giants such as Amazon and Flipkart, where you can buy a product online through EMIs without doing any down payments or paying any additional interest fees.

Try to understand the concept of No Cost EMI with an example:

Case 1: Suppose, you are planning to buy a LED Smart TV of Rs. 80K, and apparently you are going for EMI Option at an interest rate of 14%

Then 80,000 x .14 = 11200 is the overall interest (extra money) you will have to pay, which makes it:

80,000 + 11,200 = 91,200.

Since, you are going for EMI option, you will have to pay (91,200/12) = Rs.7,600 per month

Case 2: However, in “No Cost EMI Option”, you will simply have to pay (80,000/12) = Rs. 6,667 per month. (No interest charges are included)

Conclusion: You can see that, you clearly save an approx one thousand rupees per month in the No Cost EMI Option.

Things and benefits of No Cost EMI Offers:

  • Top E-commerce stores such as Amazon and Flipkart offer No Cost EMI Option on credit and Debit Cards. You can avail this facility irrespective of which bank’s account you hold.

  • No additional costs, interest charges or down payments are required in the No Cost EMI scheme.

  • This scheme is best suited for shopping during festive seasons, where you require to do bulk shopping, keeping your budget intact.

  • You can go for the NO Cost EMI scheme for any product that is available online. So, simply choose your product and buy it without looking at your wallet. Cool!

  • This scheme also works in case of exchange offers, though this facility is available at selected online stores.

As it’s Christmas Time, and the New Year’s Eve is knocking at our doors, it’s time for some celebration. It clearly suggests the demand for online shopping. So, if you have your financial restraints, no need to worry. The No Cost EMI scheme will make your life way easier and you will start feeling richer instantly.

Happy Shopping!

In case, you want to have your say or want to pen down your valuable feedbacks, feel free to comment. Also, make sure to share this article across your shopping-addicted friends to let them know about the benefits of No Cost EMI Scheme. If you want to stay updated with similar stories, visit and subscribe to our newsletter.

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