BusinessPhoto: Deccan HeraldZero-Cost EMI Offers on Smartphones Are Not Truly Interest-Free
During the festive season, many credit card zero-cost EMI offers are available for smartphones in India, where nearly half of smartphones in 2026 are expected to be financed. However, these offers are not truly zero cost as buyers incur processing fees and GST on interest. RBI rules prohibit interest-free loans, so interest is charged but offset by discounts or cashback, often with conditions.
Deccan Herald·


