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No-cost EMI: a loan that is portrayed as free

The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos. · 2h ago

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A ₹60,000 phone, 6 easy instalments of ₹10,000, no interest. It feels as if the shopkeeper has done you a favour. He has not. Nobody lends money for free and nobody sells at a loss. Someone pays.

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