EMI system - Good or bad for middle class people?

by Lakshmi Narayanan in General Discussions

Like it on Facebook, Tweet it or share this topic on other bookmarking websites.

Harsha

1 28 396

10 years ago

#385228

Its somewhat beneficiary but gets some loss. The benefit is any costly item can be buy by the middle class families. The loss is some extra money which is interest.

rambabu

1.49k 32k 218.8k

10 years ago

#385294

Despite its disadvantages, EMI is more suitable for people. No scheme is perfect providing all advantages to the people.

Mousumi Ghosh

59 2.72k 23k

10 years ago

#385370

But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.

Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.

Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.

“A mistake is a crash-course in learning” – Billy Anderson

rambabu

1.49k 32k 218.8k

10 years ago

#385374

But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.

Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.

Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.

Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.

Mousumi Ghosh

59 2.72k 23k

10 years ago

#385380

But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.

Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.

Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.

Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.

Everything has its advantages and disadvantages but weighing all good and bad points the customer should take an informed decision.

“A mistake is a crash-course in learning” – Billy Anderson

rambabu

1.49k 32k 218.8k

10 years ago

#385382

But if the customer is lucky..s/he gets a product at zero percent interest rate....mostly during festive season.

Zero percent interest means it is not free from interest. You have some hidden cost like processing fees are involved in it. If you calculate that you come to know that you are spending more money than the actual cost.

Not all of us buy each and every thing using EMI option..but on the other hand some do..very well knowing about the hidden cost etc...depends on people what benefits them. Certain products/goods etc are better bought using an EMI option...and certain products should be bought with cash.

Yes, there are options. If EMI is the only option, then one should be prepared for its disadvantages.

Everything has its advantages and disadvantages but weighing all good and bad points the customer should take an informed decision.

In that case my vote goes to EMI.

mohan manohar

52 3.75k 21.9k

10 years ago

#385390

Straight out buying creates opportunities for concessions, whereas for buying with EMI it does not provide any such concession from total amount.

http://mohanmekap.com/

rambabu

1.49k 32k 218.8k

10 years ago

#385391

If there is cash, there is no necessity of buying through EMII . For a middle class consumer , there is nothing like EMI, despite its disadvantages.

Mousumi Ghosh

59 2.72k 23k

10 years ago

#385404

Straight out buying creates opportunities for concessions, whereas for buying with EMI it does not provide any such concession from total amount.

We all know that by opting out for an EMI option we tend to pay more in the end...but for a salaried consumer whose income is limited and it is best to buy and spread out the expenses over a period of time.

“A mistake is a crash-course in learning” – Billy Anderson

rambabu

1.49k 32k 218.8k

10 years ago

#385412

Straight out buying creates opportunities for concessions, whereas for buying with EMI it does not provide any such concession from total amount.

We all know that by opting out for an EMI option we tend to pay more in the end...but for a salaried consumer whose income is limited and it is best to buy and spread out the expenses over a period of time.

Here convenience is the prime factor. You cannot have the cake and eat it too

Page 2 of 2

You do not have permissions to reply to this topic.

Title	Category	Replies
DEAL WITH IT	Discussions	0
WHY READ PHILOSOPHY	Education & Learning	0
What impact does ecommerce SEO create for your business?	General Discussions	0
Storms in Your Life	Discussions	0
Me and my polar opposites hobbies	Introduce Yourself	0

Random Poll

What is the best way to spend a holiday?

Forum Categories

Trending Topics