Small loans and buy-now-pay-later schemes are increasingly being used to fund consumer electronics purchases
We are making a few purchases on EMI and buy-now-pay-later,” said Avinash Thakker, a Hadapsar resident. Aundh resident Pankaj Sharma said rising costs had made instalment-based payments more appealing. “We are more open to using credit card EMIs and paying in instalments,” he said. ICICI Bank said in a press release that customers could access discounts and cashback through cards, internet banking, cardless EMIs and no-cost EMIs, with offers spanning electronics, travel, fashion and home decor.
“Diwali bonuses these days are not significant. There are many other expenses during the festive season like new electronics purchases, travel etc. Banks and non-banking financial companies are offering festive loans and instant-credit options across product categories. However, financial experts warn that easy credit can strain household budgets when multiple EMIs accumulate or consumers pay only the minimum due on credit cards. You Can Also Check: Gold Rate in Pune | Silver Rate in Pune | Bank Holidays in Pune | Public Holidays in Pune | Petrol Price in Pune | Diesel Price in Pune | CNG Price in Pune | LPG Price in Pune