The RBI is weighing whether to let lenders remotely disable smartphones bought on EMI if borrowers default.
That has sparked a debate over consumer rights, privacy and the risks of aggressive lending.


 Could Your Phone Be Locked If You Miss EMI?

Can banks and lenders remotely lock a mobile phone that was purchased on EMIs if the borrower stops paying? That’s the debate the Reserve Bank of India (RBI) is now weighing.


Should lenders be allowed to 'kill' financed phones if EMIs aren't paid?

The EMI Trap: Many consumers are being tempted by flashy offers: ‘no cost EMIs’, trade ins, and long tenure credit for high end gadgets. But financial watchers are warning: this easy credit may be more dangerous than it seems. Warren Buffett has a reminder that many in  'India's EMI Generation’ would do well to heed.


The EMI Trap: India's EMI Generation Faces A Wake-Up Call 

With the festive season just round the corner, India is bracing for mega sales on popular e-commerce websites and physical stores alike customers have started adding things to their online shopping cart and the whish list is also getting full. From smartphones to fridges, everything looks more affordable thanks to the popular “No-Cost EMI” payment options.
But here’s an important question: are these EMIs truly free, or is there a hidden cost behind the fine print?

Is 'No-Cost EMI' Really No Costs: Experts Warn, Always Read The Fine Print 

Graft by EMI: Corrupt officers in India are accepting bribes in instalments, says report

RBI's surprise repo rate hike: Loan EMIs seen rising, Sensex tanks 1,200 points

In new month, bank customers confused over EMI deduction amid COVID-19 lockdown

RBI cuts interest rates to 9-year low, expects banks to quickly lower home, auto loan EMIs

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