0% interest purchase offers

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Posts: 1
Joined: Mon Apr 05, 2010 11:23 am
Location: Bangladesh

0% interest purchase offers

Postby Ghosh » Mon Apr 05, 2010 11:31 am

Hi all,

I've seen few FIs offering a purchase plan where the cardholder buys the product instantly but pays the due in equal monthly installments and the FIs also claim that, they charge 0% interest on the purchase amount.

Does anyone know how the FIs make profit out of this offer?

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