In India, zero percent interest schemes have become a popular tool for many companies to attract customers. These schemes are often offered on credit cards, loans, and purchases of durable goods.
While zero percent interest schemes may sound enticing, it is important to understand what they entail and the top companies in India that provide these facilities.
When a company offers a zero percent interest scheme, they are essentially giving customers the option
to pay for a product or service in instalments over a specified period, without any interest being added to
the overall cost. This means that the cost of the purchase remains the same regardless of whether you
pay upfront or through instalments.
The concept of zero percent interest schemes has been gaining popularity in India over the last few
years. Many companies, including Bajaj Finance, HDFC Bank, and ICICI Bank provide zero percent EMI
schemes, which allow customers to purchase products and pay for them in instalments without incurring
Bajaj Finance is one of the top companies in India that offer zero percent interest schemes. Their EMI
network covers over 1 lakh stores across the country and allows customers to purchase everything from
electronics, appliances, furniture, and even insurance policies. The company offers flexible repayment
options ranging from three months to two years.
HDFC Bank is another leading provider of zero percent interest schemes in India. Their EasyEMI scheme
is available on credit cards and offers customers the option to convert their purchases into monthly
instalments without any additional cost. The scheme is available on purchases ranging from electronics
to travel and is applicable across a wide range of retailers.
ICICI Bank also offers zero percent EMI schemes to customers. The bank’s EMI scheme is applicable on a
wide variety of products, ranging from electronics and home appliances to jewellery and furniture.
Customers can choose from a variety of repayment periods, ranging from three months to two years.
Zero percent interest schemes are an appealing option for customers looking for flexible repayment
options. However, it is important to understand the terms and conditions of these schemes and the
tenure required to repay the loan or purchase. Customers should also be aware of any additional fees or
charges that may be associated with these schemes.
In conclusion, the concept of zero percent interest schemes has been gaining popularity in India in recent
years. Many top companies like Bajaj Finance, HDFC Bank, and ICICI Bank offer zero percent EMI
schemes to customers. While they can be a convenient option, it is essential to read the fine print and
fully understand the terms and conditions before opting for these schemes.
In India, Zero Percent Interest Financing is a relatively new concept with the aim to provide easy access
to financial resources with minimum to no extra cost. Many top companies in India now offer zero percent
financing to customers as part of their promotional offers. This allows customers to purchase products
without any interest charges, thereby adding convenience to their lives.
Some of the top companies in India that offer zero percent financing include automobile manufacturers
like Maruti, Tata Motors, Mahindra & Mahindra, and Hero MotoCorp. Additionally, electronics and
appliance companies like Samsung, LG, and Whirlpool also offer zero percent financing options to their
Zero percent financing is advantageous for customers who would like to purchase a product without the
burden of interest. However, it is important to note that such offers often come with some terms and
conditions. For example, customers may need to have a good credit score or may need to make a down
payment to avail zero percent interest financing offers.
In terms of banks, State Bank of India (SBI) offers some of the highest interest rates for savings accounts
in India. Currently, SBI offers an interest rate of up to 2.70% per annum on savings accounts which is
much higher than other banks in India. Other top banks that offer competitive interest rates in India
include HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.
It is important to note that while interest rates are an important factor to consider, it is also essential to
evaluate other aspects like customer service, fees, and accessibility before choosing a bank. Customers
should also be aware of the different types of savings accounts that exist in India, such as basic savings
accounts, salary accounts, premium savings accounts, and senior citizen savings accounts, each with
their unique features and benefits.
In conclusion, zero percent interest rate financing is becoming increasingly popular in India with many
companies offering such schemes to customers. However, it is important to evaluate and compare
various options before making a decision. For savings accounts, customers should not only look at the
interest rate but also consider other factors that can make a significant difference in the banking