Yes, it is true also EMI has a 16% interest rate, which is the highest among all types of loans.

Software Engineer

Buy it fully with a credit card and once the transaction is done, pay the credit immediately.

Machine Learning Engineer

I know people will dis agree... but I believe even it takes some time to buy it ... it is ok but buying with full payment it hits different

Buying anything on cash/in full payment of any mode >>>> EMI

Software Developer

Buying anything on cash/in full payment of any mode >>>> EMI- Grapevine

Welcome to Personal Finance's Private Community

PSA: if you’re planning to buy it on EMI, you probably don’t need it.

iPhone 15

Technical Writer

Welcome to IT Company Discussion's Private Community

I would rather buy an iPhone 15 in full cash instead of emi for iPhone 15 pro.. what's your opinion?

Cred has a section called on-time payments in their credit report section 

If you purchase a product worth Rs 100000 using no cost emi for a period of 6 months. Would this affect your credit score?

If you pay each of the no cost emi bills before the due date, would it still be considered as an on-time payment?

Cred - Credit score assessment

scam!

Welcome to News Discussion's Private Community

Spending over a Lakh worth for a phone?

If you can't buy it twice, you can't afford it.  
  
 Applies to every significant purchase.

Sales Manager

Business Development Manager

Should one buy a car with a loan or all in cash ?

I have been pursuing some aspirational products like Apple Watch SE, Airpods Pro 2, PS5 etc. since a long time. I go to the Amazon page and add it to cart but then my conscience questions me as to is it worth spending so much on it? I earn decently and live in BLR but still I dont fully understand to give my mind a valid reason for purchasing a 40k Watch that shows time, some metrics and some automation. Also 20k for listening music, 50k for playing games.

It feels as if is it sane to spend much on these personal material stuff? How do you folks look at this while making purchases?

How do you justify expensive purchases to yourself?

For some ps5 is not about price, it's about their dream to buy since college days (many ppl I know bought it) and same goes for other stuff as well.

Digital Marketer

Hi guys 
I bought some thing in Amazon with amazon icici credit card. 
1.Now the issue is they have mentioned product cost is 13970₹ with no cost emi it costs 13600₹ + 200₹ processing fee with no interest. No I am paying 14256₹ 
2.now the issue here with bank icici is they are charging intrest in the emi transactions and gst (obviously) but my concern is they are "charging intrest here "
So any thoughts on this because this is my first time buying like this 
And any  advice next time when buying like this to see these hidden transactions before buying.?

Advice

And, would you prefer standing out from the crowd or just end up being one among them?

Thoughts?

Program Manager

Hello folks, 
Due to some financial crunch, I'm planning to get a credit card but I've heard from people about the scary stories of credit cards. Can any body who owns credit card can give his experience or any tips what card or how to use the card or any other general advice. 

I just want to use cc for online purchases and maybe in emergency situations. 

Thank you in advance.

Mindful credit card usage

Considering the crazy high rent these days(talking about localities in Bangalore), what makes more sense keeping aside the emotional aspect. Buying a house or renting one?

Side Note: I have looked at a calculator by Ankur Warikoo, but I don’t agree to the calculations made.

Buy or Rent a house?

Customer Success

My current phone is almost 4 years old so I am in dire need of a new one, most of my friends/colleagues are buying Iphone and recommending me the same(since it has best camera + brand value) but for me spending most of my salary on a phone seems absurd....

Should I buy an Iphone from first salary

I am from Ahmedabad. Till now me and my family was living in a rented house. Now I shifted to Hyderabad with a very good package. Now I am planning to buy a home in Ahmedabad so that my family can live in our own home 🏡. 
Should I invest 70-80 lakhs? Any suggestions.

Should I buy Home?

Swiggy is slowly becoming unusable. They have already increased minimum amount in Instamart for free delivery from 99 to 149 to 199 now. This is really becoming a problem. Is there any other alternative to this? They are slowly showing their true colours now that they are aiming profitability.

Swiggy FEE Mafia

Yeah. But that's the price you'll have to pay for convenience. They were always gonna start making money one day

Buying anything on cash/in full payment of any mode >>>> EMI

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