CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following E-commerce company has introduced "No Cost EMI " option to make online shopping affordable for high-end purchases on 1 June 2016
A
Jabong
B
Flipkart
C
HomeShop18
D
Dealsandyou
Explanation: 

Detailed explanation-1: -Now, Flipkart introduces the ‘No Cost EMI’ option-The Economic Times.

Detailed explanation-2: -No cost EMI is available on credit cards from all major banks (Axis, ICICI, HDFC, Citi Bank, SBI, IndusInd, Yes Bank, Kotak, RBL, HSBC, Standard Chartered) and Bajaj Finserv EMI cards.

Detailed explanation-3: -The No Cost EMI facility helps you to pay your monthly EMIs without any additional cost. This means, when repaying your purchase cost, you only have to pay the actual cost of the product without any interest.

Detailed explanation-4: -With Flipkart’s Zero Cost EMI on mobiles, you pay just the price of the phone; the interest that you normally pay to your bank is given as an instant discount during purchase.

Detailed explanation-5: -No Cost EMI is a great credit facility to pay for large purchases on Amazon. You can easily repay the loan amount in 3, 6, 9 or 12 months without any interest or processing fees. No Cost EMI is an offer in which you pay your EMI provider only the product price, which is evenly divided over your repayment period.

There is 1 question to complete.