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Diwali shopping: Should you pay upfront or choose no-cost EMI for expensive purchases? Here’s what buyers must know
Mint 2 hrs ago·7 Nov 2026, 1:57 pm
With the festive season approaching, many investors are looking to upgrade their lifestyle. A key decision is whether to pay the full amount upfront or use a no-cost equated monthly installment (EMI) scheme. Paying in cash often unlocks extra discounts, effectively lowering the purchase price. In contrast, no-cost EMI spreads the cost over several months without interest, making big-ticket items more affordable in the short term.
For the average investor, the choice depends on personal cash flow and financial discipline. Using a credit card for EMIs can be beneficial if you earn interest on your savings or get rewards points. However, you must factor in processing fees and Goods and Services Tax (GST), which are often added to the total payable amount. Ultimately, the goal is to choose the option that aligns with your budget and does not strain your finances.
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