Go for zero-cost EMI, but don't break investments giving good returns

Cost-benefit analysis needs to be done before choosing an option; calculate hidden interest components

Bindisha Sarang | New Delhi
Last Updated at March 17, 2020 00:01 IST

Go for zero-cost EMI, but don't break investments giving good returns

Experts are currently advising against all forms of debt

Among the people working from their homes because of the Coronavirus pandemic, there is a marked tendency to go online and shop. Says Amber Ram, a Mumbai-based private sector employee: “I do sometimes tend to shop online just to ward off boredom.” Shopping festivals like the Flipkart.com Big Shopping Day sale from March 19-22 add to the allure of online shopping. Even if you belong to the judicious bunch who genuinely needs to buy a big-ticket item, there are quite a few ways you can pay. You could go for the no-cost EMI option, break an investment, take a personal loan, or save for a few months and then buy. How should you go about making a choice?

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