Do schemes like No Cost EMI and BNPL (Buy Now Pay Later) attract you while shopping online from ecommerce platforms? In this video, we’ll unveil the harsh reality of popular schemes like Buy Now Pay Later and No Cost EMI. Early sign-up to the app: https://assetyogi.com/sign-up/ We will cover how banks, manufacturers and online retailers work together to provide these schemes. We will discuss the role of credit card companies and the nuances of BNPL models. Uncover the hidden costs and benefits of No Cost EMI and gain insights into managing your finances wisely. Additionally, we will provide tips on how to use BNPL responsibly and avoid falling into debt, including setting a budget, understanding the terms and conditions, and avoiding unnecessary purchases. 00:00 Intro 0:47 What is No Cost EMI? 2:10 Who Bears interest cost? 5:13 How ecommerce Co. Offer No Cost EMI? 5:55 Why Co. Bear Interest Cost? 7:26 Hidden Charges in No Cost EMI 8:19 What is BNPL? 11:36 Hidden Charges in BNPL 11:54 Comparison b/w BNPL & No Cost EMI 12:43 Which is better? 14:47 Q&A About the Video Are you confused by No Cost EMI & Buy Now Pay Later schemes? No Cost EMI & BNPL Schemes have become increasingly popular among consumers, where No Cost EMI offering the appeal of paying for purchases in monthly installments without extra interest. However, there are often hidden costs associated with No Cost EMI, such as processing fees or higher product prices. It is important to be aware of these costs before you decide to use No Cost EMI In addition to No Cost EMI, we'll also explore the emerging trend of Buy Now Pay Later (BNPL) schemes, which offer consumers the option to defer payment for their purchases to a later date. While these schemes may seem similar to No Cost EMI on the surface, they often come with their own set of terms and conditions, including potential fees and interest charges if payments are not made on time. Understanding No Cost EMI and BNPL schemes is crucial for informed financial decisions. We’ll also discuss which one is the right option based on your finances, stressing the need to know your spending and credit habits In this video, we’ll cover the following concepts: 1. What is no-cost EMI? 2.What are the hidden costs of No Cost EMI? 3. What is the impact of BNPL on credit scores? 4. Can No Cost EMI transactions affect your credit score? 5. What is BNPL and how it works? 6. No Cost EMI Vs BNPL. Explained 7. Which is better No Cost EMI or BNPL? 8. What is the business model behind Buy Now Pay Later services? 9. How to maximize the benefits of no-cost EMI and BNPL? 10. Can No Cost EMI be availed on e-commerce platforms like Amazon and Flipkart? 11. What's the difference between Buy Now Pay Later and credit cards? 12. Should we avoid both BNPL & No Cost EMI options? 13.What are the late payment penalties for BNPL? 14. How does interest work with Buy Now Pay Later (BNPL) transactions? ------------------------------------------------------------------------------------------- Connect with Us INSTAGRAM - https://www.instagram.com/assetyogi TWITTER - https://twitter.com/assetyogi FACEBOOK – https://www.facebook.com/assetyogi/ LINKEDIN - https://www.linkedin.com/in/mukulm ------------------------------------------------------------------------------------------- Website https://assetyogi.com/ #BuyNowPayLater #NoCostEMI #AssetYogiShow