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Credit-card EMI isn't always cheaper: Check these six costs before converting

Source: Business Today

Converting a credit-card bill into EMI can ease monthly cash-flow pressure, but the instalment alone does not reveal the full cost of borrowing. Consumers should factor in interest, processing fees, GST, tenure and pre-closure charges before opting for the facility.

Attribution

This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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