Dream purchases often trigger the excitement rush in an ordinary person, but when it comes to paying that big amount all at once, this is not as easy as it may seem. So, whether someone longs for that latest smartphone, or there comes that unplanned requirement for electronic equipment at home, there may also be a chance of changing weather and its demand for new appliances, or you may just want to book a dream vacation, EMI helps you manage everything without feeling the burden of paying all at once. This gives you flexibility to pay according to your pocket and has hence made lives easier for many.

What is EMI?

EMI, which we also call an Equated Monthly Installment, lets you pay in fixed monthly amounts instead of having to make a lump sum payment. Now you may be wondering why would some company/shopkeeper let you buy their products in these installments? The thing here is, they actually get the full amount from the bank or financial institution, and you repay the amounts to these third parties in equal monthly installments over an agreed period. So, this is ultimately beneficial for both the seller and the buyer. The seller gets to make sales, and you get to enjoy the product without making a large hole in your pocket all at once.

Why should one choose EMI?

• Affordability: With EMI, you don’t need to compromise on quality or delay your purchase. You can buy what you need today without waiting to have the full payment in hand and then pay later in smaller, stress-free portions.

• Financial Flexibility: You can keep your emergency cash for actual emergencies and make any unplanned purchase through these EMI’s.

• Wide Availability: EMI’s have become so common these days that you can even buy your shoes on EMI. So, any product or service category in which you are struggling to pay a lump sum amount, you can actually explore the widely available EMI options according to your preference.

• Transparency: With fixed monthly installments, you know exactly how much to pay and when. And this eliminates the uncertainty in spending of a fixed salary person.

EMIs for Purchases Made Simple

Whether you are shopping online or swiping your card at a retail store, Roar Bank’s EMIs for purchases feature makes the checkout process smoother than ever. At the time of payment, simply choose the EMI option and instantly convert your transaction into easy installments.

For example, imagine you have a kid studying at a college, where he needs a laptop for his coursework, and you have recently burnt all your savings on an urgent family medical emergency. Paying the entire amount at once will be very difficult for a middle-class person, but when you get an EMI plan, you can break it into monthly payments of ₹5,000 or ₹6,000, depending on the tenure chosen. This makes the purchase accessible and manageable without putting your finances under pressure.

Many banks and institutions even offer no-cost EMIs, where you pay only the product price without additional interest. Also, if you are a credit card holder, your card may have built-in EMI options, giving you the freedom to convert eligible purchases with just a click.

Final Thoughts: Smart Financing for a Smarter You

Financial management should never hold you back from living the life you deserve. With Roar Bank’s EMI services, you can own the products and experiences you want today while comfortably spreading out your payments.

So the next time you’re planning a big-ticket purchase, don’t let the upfront cost worry you. Explore Roar Bank’s EMIs for purchases and experience the freedom of buying now and paying later in simple, stress-free installments.