Ravishing sale on an online e commerce site and you’re super tempted to buy that new gadget or an appliance for your domestic use? The rush of various banks and e-payment sites offering numerous discounts when you select them as your payment method can be so tempting. And if you exhaust your limit of finances and end up with buying all you can with that savings of yours, you are still tempted and pampered by those EMI schemes available of those online shopping sites. The options are limitless! But are they all really worth your attention?

What grabs your attention fast, is the 0%EMI Offers as you chose to buy a product. But wait! Before being impulsive and falling prey to the trap of zero percent EMI, make sure you get your facts right. Remember these simple facts that most banks and other financial money providers tend to complicate it for you and it often makes you jump in a pool of depts that you are unable to pay off later.

Are the products worth buying in installments!

We all know that you buy something in instalments when you couldn’t afford to pay for all together. But what’s the use of buying a product worth say for example of 13000 in Instalments with 0%interest and actually pay 15000 for the same product combining those EMIs? Don’t you think the 0% interest in this case is actually covered up by giving those extra amount! Hence, while shopping minor items, you actually don’t enjoy the privilege of 0% interest, but pay it later on, just a little late!

Do you really get a 0% interest on cars and home loans??

The biggest quest of the day! Well, the answer seems tricky and blunt but actually if you are not amongst the so called secure financial background people, you don’t get a 0% interest benefit in your cars and home loans! It may be minimal, with low EMI benefits, but interests are added to your loans. While, even if through complex connections and great financial history, you are successful to get a 0% interest for your home or car loan, it actually doesn’t last more than a year. After the completion of the first year, you’ll be destined to pay EMI, Interests and additional costs which would be better explained by the financial services themselves!

Well, now when you get that odd calls promising you 0% interest on all loans, think again, inquire more and always, READ THE DOCUMENTS CAREFULLY!!

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