If you're also an avid fan of purchasing electronic goods at 0 cost EMI, but wonder how do the finance companies make money on these schemes, then go on... this post would satiate your inquisitiveness
gentle feedback and I know for a fact you folks love feedback: maybe putting names of companies will be more exciting and fun and easy to understand for the dumb reader like me. Plus I would love a way to tackle this strategy next time should I ask Rel Digital to give me a direct 10 % discount if I want to take the no-cost EMI thing; cause EMI's do hamper your credit score(Am I right on this one?; fact checked I am wrong multiple loans do not impact credit score until I pay them all on time). Maybe an article on why a credit score is important and myths around it because I did not believe a credit score was important in college(Yes I was one of those bozos who did not take the AMex free card for life) until I saw Frank Abignale on Google Talks<superb talk do check it out>. Great work, super consistency keep going
financier, manufacturer, shopkeeper - too many entities confuse me. Can you dumb it down further for me: in case of lets say offline shopping itself for now: Reliance Digital is the shop keeper ; Icici is the financier; I understand these 2 earning something why is a manufacturer like Samsung concerned. Product I am buying is a Samsung refrigerator worth 30k. Am I missing something that no cost EMI is just on Samsung Refrigerator and not on LG?
gentle feedback and I know for a fact you folks love feedback: maybe putting names of companies will be more exciting and fun and easy to understand for the dumb reader like me. Plus I would love a way to tackle this strategy next time should I ask Rel Digital to give me a direct 10 % discount if I want to take the no-cost EMI thing; cause EMI's do hamper your credit score(Am I right on this one?; fact checked I am wrong multiple loans do not impact credit score until I pay them all on time). Maybe an article on why a credit score is important and myths around it because I did not believe a credit score was important in college(Yes I was one of those bozos who did not take the AMex free card for life) until I saw Frank Abignale on Google Talks<superb talk do check it out>. Great work, super consistency keep going
Thanks Taslish for the feedback. We have answered all your queries on our LinkedIn thread. Happy reading!
financier, manufacturer, shopkeeper - too many entities confuse me. Can you dumb it down further for me: in case of lets say offline shopping itself for now: Reliance Digital is the shop keeper ; Icici is the financier; I understand these 2 earning something why is a manufacturer like Samsung concerned. Product I am buying is a Samsung refrigerator worth 30k. Am I missing something that no cost EMI is just on Samsung Refrigerator and not on LG?
Very Insightful and well researched! Kudos guy!
Thanx Rahul for your encouraging words.
Great one!
Thanks Parag for reading!