Now Reading: Investing Before Buying Could Reduce the Cost of a ₹1 Lakh Phone
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Investing Before Buying Could Reduce the Cost of a ₹1 Lakh Phone
Investing Before Buying Could Reduce the Cost of a ₹1 Lakh Phone
The Story in Brief
A Hindustan Times article compares financing a ₹1 lakh smartphone with saving for it. It estimates that a 12-month loan at 15% interest would require an EMI of about ₹9,025 and total repayments of nearly ₹1.08 lakh, excluding additional charges. The phone also loses value after purchase.
The article says investing ₹10,000 monthly for 10 months in short-term bonds with an illustrative 12% annual return could create a corpus of about ₹1.05 lakh. It cautions that bond availability, maturity dates, payout schedules and minimum investments vary. Buyers are also advised to check the actual cost and conditions of zero-cost EMIs.
The Indian Opinion
The comparison highlights a useful budgeting choice, but its investment example is illustrative rather than assured. Bond returns, availability and repayment terms can vary, while delaying a purchase may not suit everyone. A zero-cost EMI is not automatically expensive if the final payment matches the cash price, but fees and lost discounts matter. Consumers should compare total costs and avoid commitments that strain monthly finances.
Source: hindustantimes.com
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Updated: this story now draws on 1 sources.
