Are 0% interest EMI's really legit?

Pranav.Falcon said:
1) This was the cheapest I could find. Cheaper than Lamington road also
2) Had got this card for free couple of years back when i had purchased some appliances.
3) My current monitor was dead, was the best time to buy one.
4) Agreed !!
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You have to go by the norm, not the exceptions. For normal users, the card costs Rs 400 for sign up and Rs 99 + taxes = 117/year subsequently. It encourages customers to take loans to buy things they might otherwise not buy at all also the yearly subscription cost is also a motivator to make them buy just to make use of the card.
 
Can someone explain what this "zero-cost EMI" exactly is? Is this the same as zero-% interest rate but in another shady language?

Screenshot_20180502-080358~2.png
 
Stupid or noob question but cant we use debit cards in no cost emi situation?

In credit card scenario hidden gst & service charges are understandable but what charges on emi on debit cards?
 
nRiTeCh said:
Stupid or noob question but cant we use debit cards in no cost emi situation?

In credit card scenario hidden gst & service charges are understandable but what charges on emi on debit cards?
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You can, with certain banks. I believe Amazon has tied up with HDFC for the same?
 
rkkaranrk said:
It's the same as 0% EMI, That screen shot is from Amazon and they call it No Cost EMI.
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Yes it is Amazon.
Lord Nemesis said:
Its the same thing. This term is used because its now illegal to advertise 0% interest schemes.
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So advertising is illegal but the actual thing is legal? How is that even possible? :/
I thought the ban would cover all areas related to it. Any chance the RBI would take a look at it again?
But then again these sites can just bypass this by removing the so-called offer and increasing the price at the click of a button. Sigh.
 
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