No Cost EMI & BNPL Buy Now Pay Later का कठोर सच - The AssetYogi Show #10
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- čas přidán 2. 06. 2024
- 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.
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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?
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#BuyNowPayLater #NoCostEMI #AssetYogiShow
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Nice information Mukul ji , Thanks
Please make video on NPS
Indian retail investor foreign market me kaise invest kre...... Is pr bhi ek video bna dijiye.... 🙏🙏
Sir need one video on Mutual funds in physical form vs demat form. Which one is safer? And also is it safe to invest in mutual funds through demat apps?
Master investor series me bulk deal or block deal ke bare me bhi bta dijiye.... 🙏🙏
Amazing video Sir
Thank you so much sir
Great work you covered all of points to understand.. thanks 🙏🏻
Glad it was helpful!
my Frist ❤ choose best you tube channel
एक सरकारी कर्मचारी अपने एनपीएस अकाउंट में क्या फेरबदल कर सकता है जिसके माध्यम से वह अपने रिटर्न को बढ़ा सकता है कृपया इससे संबंधित वीडियो जरूर बनाएं।
Hdfc bank discount per video banao
Sir UNI PAY CHEQUE KE BAREE MEN BATAYE
Sir please ek video proper pension ke liye planning kaise kare
If a bank is lending under government sponsored scheme risk lies with ?
What if I take no cost emi And do pre close of loan? Will it be a good option @Assetyogi
Fd linked credit card bhi to hai.
No cost EMI pe agar more than 3-4% discount vs paying upfront hai to definately no cost lele because the discount will make up for charges and will break even.
Just searching this only
Still there are processing fees+GST and interest(we don't have to bare) but GST uske upar har mahina lagta he..
Means I've bought something worth 32000/- 9mos of no cost emi I've to pay appx 33000/- in equally divided 8mos and 1st month will be processing fee+GST with it...
I choose to buy after 3months😅
Credit card igst kya hota hain
How to get out of debt trap with income less than monthly chareged intrest
Informative one. 👍
Glad you liked it
Make a calculated decision. That’s it 👍
You are doing an excellent job ❤❤
Many many thanks
Hello Sir.. you are doing very great job by explaining these financial terms. Would like to request you make video on how to negotiation with builder and bank while purchasing home. Thanks in advance
Thankyou! Your suggestions are highly appreciated.
5:37 where is HDFC they themselves call themselves the Whale of Indian Corporate bank!!!
Sir tum sheer Market ka video banavo puri shirij begic to Adwans tuma Video or tum Jo samjate ae bahut Acha he,,
Thankyou! Your suggestion is appreciated.
Upfront payment Dene se koi discount nahi milta hai,actually ye ek unfair business practice hai
Thanks
No cost emi me intrest nahi lagta but notional intrest pe gst lagta hai.. Ye bataya nahi aapne
Adha video dekh liya , abhi tak samajh main nehi aya mera loss kaha hain .
Loans are not for those who cannot pay on time. Such ppl. will always suffer.
The only drawback with NO COST EMI is the GST on Interest and Processing Fees. Apart from this there are no charges (OFC foreclosure crgs will be there if you try to foreclose the NO COST EMI LOAN but that is something which you have not signed up for)
Good content
Thankyou
Sir doesn't this make the product expensive for regular one time payment customers. From ur example - fridge price increase by 1k? So is it always better to have an EMI option??
company ki sales badh rhi hain to company vhi chahegi
Bt sir customer ka nuksan kaha hua inn sab me😅😅
9 नगद ना 13 उधार
Sir please tell full details of coming up app. How the app help s investors
Details coming out soon
@@AssetYogi
Thank you🙏🙏 so much for replying. Sir i am very very small investor but I am very long term investor I can invest only 7,000 per year can I get your valuable paid service from you please🙏🙏🙏 help me
🎉🎉🎉
🙏🙏🙏
Sir profit kaha se double hua aapne unit bhi to double kiye..pehle 100 unit me 4.5L tha baad me 200 unit me 9L he
Profit kaha se double hua??🤔
revenue to badha na bhai..un paiso ko reinvest kar k profits kama lenge
Time value of money
Link ???
Kiska link???
❤️❤️❤️❤️❤️❤️
😇
🤔🤔👌👌👌
Thanks
Gaadi, ghar ke liye hote hain emi. Not for junk like jeans and phones. Thoda sasta lelo dost, aur aukat mein rehna seekho.
यतो धर्म: ततो जय: - जय श्री राम
Trap hai
जल्दी comment करने वाले like कर दो .... 😊