Good news is lined up for the credit card users. According to the now the customers can easily pay education loan and education fees easily through the credit card EMIs.
Instead of getting of getting the loans sanctioned with much difficulty now the customers can easily pay them through their credit cards. Very soon customers will be able to make their health insurance and motor insurance premium through the credit cards. The problem of paying 20,000-30,000 at time will be eliminated, customers can pay them in easy monthly installments. This scheme has reduced the burden of the customers and has made the payment means much easier.
EMI at PoS had peaked in the first quarter of last year after some manufacturers and retailers offered 0% interest EMI schemes for their products.