Customers Can Procure Items Such As High-End Laptops Or Washing Machines By Utilising Their Credit Cards

Through Credit Cards, Customers Can Pay In Six Months To A Year, Or Even Longer In The Form Of Equal Monthly Installment (EMI)

There Are Two Methods For Converting Your Bill Into EMIs: 1) At The Time Of Buying A Product 2) Converting The Existing Outstanding Balance Into EMIs

The EMI Scheme Operates By Transforming Your Purchase Or Bill Into A Loan And Then Splitting It Into Equal Installments Which Can Be Repaid

These Installments Are Determined Based On The Principal Amount And The Interest Rate Imposed By The Bank On EMIs

Some Merchants And Banks May Offer No-Cost EMIs, Implying No Interest Is Incurred On The Borrowed Amount

EMIs Calculated After Applying Interest On The Principal Sum, Later Converting The Total Amount Into EMIs With Repayment Tenures

The Total Sum Payable, Including The Principal, Interest, And Any Processing Fees, If Applicable, Determines The Overall Investment

To Comput Exact EMI Amount, The Bank Calculates The Total Amount To Be Paid In Installments

This Calculation Enables You To Conduct Comparisons Among EMIs Offered By Various Banks To Make An Informed Decision