Equated monthly installment (EMI) schemes for online retail consumers have been around for quite some time. To make them more attractive, several banks have started clubbing EMI facility with a flat discount on the final cart value. This helps in reducing the sale value of products.
However, consumers need to understand that the effective discount rate after considering the interest rate on the EMI scheme will be lower than the headline discount rate and will depend upon the tenure of ..
However, consumers need to understand that the effective discount rate after considering the interest rate on the EMI scheme will be lower than the headline discount rate and will depend upon the tenure of ..
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