I'm planning to buy an item priced around 400k to 500k. However, I currently allocate 300k to my NISA account every month, aiming to max it out within five years.
If I go ahead with this purchase, I won't be able to contribute the full 300k to NISA this month. But I’m considering using Paidy to split the payment into 10 installments at 0% interest, which would make it manageable.
Are there any downsides to this approach that I might be overlooking?
7/24/2024 UPDATE:
I ended up paying for it with my credit card. The three main downsides for me were:
1. You cannot change the payment schedule. In my case, I wanted to do monthly payments for 10 months. But they only allow you to do 24 monthly payments for the MacBook.
2. You cannot prepay the remaining loan.
3. You cannot pay with CC so you cannot get the points.
by MechanicBig1334
