Mmastodon BusinessPersonal Finance first seen 7 h ago, last 6 h ago, peak #5

No-cost EMI deals in India can still cost buyers extra

Original: Illustrative no-cost EMI: ₹2,653 interest offset by merchant; 18% GST on interest ₹477.54, plus assumed ₹199 fee and ₹35

A personal finance breakdown of a typical Indian no-cost EMI offer shows the merchant offsets ₹2,653 in interest, but buyers still face ₹477.54 in GST on that interest plus an assumed ₹199 processing fee and ₹35.82 GST on the fee, adding ₹712.36 in hidden costs. The analysis urges shoppers to check actual terms and asks whether checkout pages display fees and taxes separately.

Why now: Indian consumers are increasingly scrutinising how 'no-cost' EMI schemes hide fees and taxes that reduce the advertised savings.

SpendZieIndia

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Rank over time, top of the chart is #1. 2 snapshots from 7 h ago to 6 h ago.

Evidence

• Illustrative no-cost EMI: ₹2,653 interest offset by merchant; 18% GST on interest ₹477.54, plus assumed ₹199 fee and ₹35.82 GST. Extra cost: ₹712.36. Check actual terms. Does your checkout show the fee and tax separately? # FinePrintFiles # CreditCards # PersonalFinance # India… · spendzie_official

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