No-Cost EMI Plan: How to choose the best no-cost EMI plan? Know here...
Be it any loan or purchase of any expensive goods, No-Cost EMI attracts people a lot. Actually, in No-Cost EMI, the customer has to pay installments every month. In this, the customer does not have to pay any extra interest. Apart from this, in No-Cost EMI, the customer can easily buy goods according to his budget without paying any extra money.
Before hearing about No-Cost EMI, you should take special care of some things so that you can choose the right No-Cost EMI plan.
Keep these things in mind before selecting a No-Cost EMI offer.
Offer: To select a No Cost EMI plan, you should compare the No-Cost EMI options offered by many retailers and lenders. Select only after comparing the plans offered by all of them.
Eligibility: You should also keep in mind the eligibility criteria of No-Cost EMI offered by the retailer or financial institution.
Budget: For No-Cost EMI, you need to take care of your budget. For this, first calculate the EMI period and then the total cost of the goods, and then select things according to your budget.
Terms and Conditions: Before selecting any plan, read its terms and conditions carefully. In this, you must check whether there is any hidden fee or charge.
Pay on time: You should always try to pay on time so that you can avoid late fees and penalties.
Cancellation Window: Always keep in mind the cancellation window so that you do not have to pay any cancellation fee.
Processing Charge: If you cancel a no-cost EMI, then you may have to pay a processing fee. In such a situation, you should also take care of the processing fee.
Refund Process: If you cancel a no-cost EMI in the middle, then you will have to return the goods to the retailer. In such a situation, keep in mind how much time the refund process will take to complete.
Before selecting a no-cost EMI, you have to take care of your financial situation. Apart from this, you also have to keep in mind that you do not spend unnecessarily in the name of no-cost EMI.
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