The catch is you think you have more spending power and may tend to spend irresponsibly until you suddenly find yourself unable to pay the installments.

And unlike credit cards you don't "earn" the credit score no matter how good of a paymaster you are.

Also, you can catch banks offering 0% interest 3/6/12mth or even more on flexi payment, EPP, BT etc.

Tell me how is credit card era ending again?