Interest-free installments fuel online luxury shopping fever

Interest-free installments fuel online luxury shopping fever

KUWAIT: The option to pay in interest-free installments has recently become popular at online shopping stores, where the terms of installments are simple and easy for shoppers. The service aims to ease the process of online shopping by dividing the total price into three or four installments without added interest. Speaking to Kuwait Times, economist Mohamed Ramadan said the interest-free installment system is not a scam, but rather a means to boost sales. “The interest-free installment system is approved in several countries around the world and is not a new service.

It is well known that the merchant pays the cost of the goods in 120 days, so when he offers those goods without interest, the customer benefits. The main aim of such a service is to increase profits and facilitate sales, with no cost to the store,” he said. Salma Rababah affirmed to Kuwait Times she is shopping more because of the interest-free installments. “I was not a fan of installments, but online installments by some stores allowed me to buy things that were not affordable for me before. I spend now between KD 60-80 per month on installments,” she said.

“Usually, I used to allocate KD 50 monthly for new