New Delhi, March 18 -- EMI-free loans seem unrealistically appealing because businesses widely advertise easy financing and hassle-free loan opportunities in today's market. Everyone would choose to borrow money under these circumstances since there are no monthly payment obligations. The appeal of this offering seems perfect but reality shows something else.

The primary purpose of presenting free EMI loans to consumers is a deceptive advertising tactic which fools borrowers into debt obligations that often include undisclosed fees. The true nature of EMI-free loans will be explained in this piece through an analysis of undisclosed fees that nullify their advertised cost-free status.

The provision of EMI-free loans through EMI-postponem...