6. Evaluate Certain Things Before Choosing A EMI Scheme

If you think that EMIs could be light on your pocket, then it’s time to upgrade your thinking. Choosing EMIs come with several additional costs. Before you opt for EMIs evaluate other offers that are available on the product you buy.

Firstly, pay attention to the finely printed terms, and then calculate if the EMIs and the down payment are equal to the MRP of the product or it’s more than the price that is quoted. Incase if the total amount you estimate is more than the actual price, then you are charged with additional processing and interest rates.

7. Are EMIs Scheme Good Or Bad?

Even though EMIs are tempting, it’s always better to avoid them. Relying on EMIs for every purchase you make might not be good for your finances. Over a period of time, if you have to pay more EMIs for more than 1 product that you have purchased, it might get difficult for you to repay. So, before opting for it, consider all the pros and cons of EMI schemes and depending on that make a right decision.

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