Is EMI Cheaper Than Paying Upfront?
Compare your total outgo on EMI vs. a one-time payment after interest, fees, and opportunity cost.
This tool helps you compare the total cost of buying an item through an EMI (Equated Monthly Installment) plan versus making a one-time payment.
It factors in interest rates, tenure, and any processing fees associated with EMI to calculate the final payout. The goal is to help you decide if spreading payments is worth the extra cost or if a lump-sum purchase saves more in the long run.
Use this when evaluating gadgets, appliances, vehicles, or any other high-value items offered with financing options.
