Will no-cost EMIs affect my credit score?

Yes, no-cost EMIs can affect your credit score if there are delays in EMIs or if you default altogether. Since no-cost EMIs are also a type of loan or credit extended to you, they will be a part of your credit history. So, you will need to act responsibly with no-cost EMIs.

If you buy something on a no-cost EMI, make sure you make the EMI payments on time. On the bright side, no-cost EMIs are free of interest, have low instalments and can add to your credit history to improve your credit score, provided you make the EMI payments on time.