The Economic Times

A paid Rs 1,64,900 upfront for iPhone 18 Pro, B chose credit card EMI, C picked no-cost EMI in festive sales Who saved most after discounts?

The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EMI, the seller readjusts the interest amount so that the sum of all the EMIs adds up to the price you would pay upfront. However, interest still exists, and interest attracts GST. So, among A, B, and C, who would end up saving the most? Find out here.