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Does no cost EMI have interest?
While availing the no-cost EMI facility, you will not have to pay any down payment, processing fee, or an interest. Will my bank charge an interest? Yes, the bank will charge you an interest. However, the interest that they charge will be given to you upfront as a discount at the time of buying the product.
How does flipkart no EMI work?
The Flipkart No Cost EMI comes with loan tenures ranging from 3 to 12 months, making sure it doesn’t dent your savings. Based on the term of payment and cost of the product, an agreed amount is deducted every month until the loan term is completed.
What is no cost EMI on Flipkart?
No Cost EMI Store. This EMI scheme from Flipkart is a special financial scheme that allows users buy expensive products under EMI, but not requiring them to pay any additional costs, including the interest and processing fee.
How can I reduce my Bajaj EMI?
The Bajaj Finserv customer can give a missed call on 783 599 4999 and check the lite offer on their account. They will get option to opt for EMI reduction through SMS.
How to use Bajaj Finserv EMI network card on Flipkart?
Use your Bajaj Finserv EMI Network Card to shop for over 4 lakh products on Flipkart. 1. Visit Flipkart’s website, browse, and select the product that you wish to buy.
How does Bajaj Finserv make money?
From Bajaj Finserv’s perspective, they will take full money from you but get some discount from the product seller/manufacturer. This discount (from what you pay to Bajaj Finserv and what Bajaj Finserv pays to the merchant) provides income for Bajaj Finserv.
How does Bajaj Finance make money with zero EMI?
For those who pay the whole amount upfront in cash or through a card, the amount charged is less and all of it goes to the retailer only. Hence, when using the zero EMI option, you end up paying Bajaj Finance indirectly and that is how the company makes money.
What are the benefits of Bajaj Finance for a retailer?
The retailer takes a cut in his margin and shares it with Bajaj Finance. The benefit the retailer gets out of this is increased business due to easy financing The volume of business is massive so bajaj earns a lot of profits through this business. There are other benefits for bajaj finance like 1.Through this arrangement.