Zero Cost EMI

Meaning :

Example : 

For example, buying a phone worth ₹18,000 and paying ₹1,500 per month for  12 months means you pay a total of ₹18,000, with no additional costs involved.

How to Understand Zero Balance Account : 

1.Consider Zero Cost EMI as a way to borrow money without any extra fees; you pay the  same price, just divided over several months.

2.This option allows you to acquire expensive items without having to pay the entire  amount upfront.

Importance of Zero Balance Account : 

1. Zero Cost EMI makes it easier to afford expensive items by spreading the cost into  manageable payments.

2. It reduces the financial pressure of paying the full amount at once.

3.This payment method encourages planned purchasing, so you can buy what you want  without feeling overwhelmed.

4. It is especially useful for purchasing electronics, furniture, appliances, and other high- cost products.