Essentially, you pay the original price of the phone in installments: the retailer gets the discounted price and the balance (i.e., the 'discount amount') goes to pay the interest on the loan. Actually, the total price you pay gets divided into the price paid to the retailer plus the interest paid to the financier. Except that this breakup may not be shown upfront. If you were to offer to pay the retailer the full price of the phone upfront, you may be able to get the phone at a discounted price of Rs 12,750.

Thus, as you have taken a three-month EMI plan, after subtracting the discount and adding interest cost, you will be paying an EMI of Rs 5,000 for three months.

Read more at Indiatimes: [ Ссылка ]

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