Quick Summary: No-Cost EMI Decoder

No-Cost EMIs in FY 2026-27 work by giving an upfront discount equal to the interest amount. However, you still pay 18% GST on the interest component and often a processing fee (~₹199). This makes the 'free' EMI actually cost 3-5% more than the cash price.

How to use the No-Cost EMI Decoder

  1. Enter Product MRP

    Input the list price of the product on the e-commerce site.

  2. Check Discount Applied

    Input the 'No-Cost EMI' discount shown at checkout.

  3. Review Total Payback

    See the final amount paid after adding monthly GST and processing charges.

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Regulatory Disclaimer

Last verified May 2026

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.