New Delhi, Sept. 8 -- EMIs are an essential factor to consider when opting for any type of loan or purchasing a product on instalments, especially during the festive season, when brands are expected to provide various discounts and offers. Accurately estimating your EMIs is key to understanding how repayment will affect your finances in the long run.

Whether you're taking a personal loan or buying electronics, furniture, or appliances, it's important to evaluate the EMI terms. Lenders and companies generally offer two types of EMI options: regular EMIs that include interest payments, and no-cost EMIs that usually exclude interest, though the actual cost may be adjusted in other ways.

With the upcoming festive season offers and sales, he...