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Credit Card EMI schemes

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WHO would deny that equated monthly instalments (EMIs), which are all but tools that bridge consumers with product sellers, including those who vend loans to them, makes life much easier, particularly when one is in dire need of additional funds, mostly for buying something? The rates of interest that one has to pay while making EMIs payments are a factor of market conditions, and, in some cases, dependent on the ability to pay. The average consumer, thus, is almost always at the mercy of market dynamics. As it sometimes happens in the real world, EMIs tend to be discriminatory, and, therefore, the very purpose of EMIs gets defeated. The number of people who have actually gone through and experienced this would not be too small.

Whenever any festivity or special occasion knocks at the door, people tend to go on a buying or shopping spree. All leading domestic and multinational brands also latch on to this opportunity to lure in customers and hardsell their products and services with attractive EMI schemes. From an average consumer's point of view also, he or she gets the freedom of repaying the entire amount in phases after certain days of purchase, by availing of such EMI scheme. And that way, he or she stands to gain as well. But EMI schemes on offer may not actually be as attractive as it apparently looks to be and there can be cases where the very purpose of equated instalment gets defeated.

Given this, a customer opting for EMI schemes need to be extremely careful and cautious as well.

Before one goes out to buy one's favourite handset, laptop, or any other gadget, one must keep a close watch on few extra things that one is likely to pay for.

First, if you are buying something on EMIs, you have actually accepted and agreed that you will be charged with interest rates. But at times one actually opts for EMIs using e one's credit card. One must keep in mind that the g credit card company will also levy some additional d charges in the name of proe cessing fee and transaction t fee and the likes. And these extra fees differ from g one bank to another. Therefore, one must make these calculations (how much extra one will have to pay actually) before taking a final call.

While opting for an EMI scheme, it appears as if the cost of the product is split into several parts, so that it could be paid easily. But it's not just that. For those going for an EMI scheme it is never easy at first glance to understand how the EMIs are actually arrived at and how they work.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

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      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
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      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
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      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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