26 Feb 2026 | 3 Mins Read
Zero-Cost EMI: The Hidden Costs Exposed
Flipitmoney
Zero-cost EMI seems harmless, but actual interest isn't eliminated, only hidden by upfront discounts. Banks charge processing fees (1-3% plus GST) and GST on interest may still apply. Buyers often lose instant discounts, reduce credit card limits, and may face foreclosure fees or lost benefits if they close the EMI early or pay in instalments.