New Delhi, Aug. 23 -- A big-ticket purchase of a product or service can feel manageable on the wallet when it is converted into EMIs, i.e., equated monthly instalments. Still, while smaller monthly payments can improve cash flows and reduce stress, they do not necessarily mean a lower overall cost.

Experts believe that credit card users must diligently review the total repayment amount, applicable fees (if any), processing charges, and other factors before proceeding with an EMI option.

Ashish Lath, Founder & CEO of SaveSage, highlights the importance of first trying to pay in full, especially for purchases that an individual can comfortably manage. He stated:

"Converting a big purchase into EMI can make payments easier to manage, but ...