About EMI

With Razorpay, you can offer your customers EMI as a payment method to buy various products on EMI using Debit Cards, Credit Cards, No Cost EMI, Low Cost EMI and Cardless EMI.

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EMI Types

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EMI Types | Availability

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Credit Card EMI | ✓ (SBI Credit Card requires Approval)

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Debit Card EMI | ✓

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No Cost EMI | ✓ (Debit and Credit card EMIs)

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Low Cost EMI | ✓ (Debit and Credit card EMIs)

Cardless EMI | Requires Approval You can view the EMIs enabled for your Razorpay account from the Account & Settings → Payment Methods tab.

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Payment Flow on Standard Checkout

On your website or app, customers select the products and proceed to Checkout.

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On the Checkout page, the customers:

1. Enter the Phone Number and click Continue
2. Select EMI, No Cost EMI or Low Cost EMI as the payment method as highlighted below.
3. Select a preferred EMI type, Credit, Debit or Cardless.
4. Choose a bank from the list and select the EMI tenure. This flow is for Credit Card EMI. Click Continue.
5. Enter the required details and choose if they want to Save this card as per RBI guidelines or pay without saving the card.
6. Click Continue.

After the successful payment, Razorpay redirects customers to your application or website. Customers’ monthly statements will reflect the EMI amount with interest charged by the bank. You receive the full amount in your bank account as per your settlement cycle.

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Try EMI Flow on Checkout

You can try the EMI flow by clicking the Pay with Razorpay button. This initiates a ₹5,500 payment. Provide the relevant details and complete the payment.

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Test Card

You can use the test cards to test domestic payments, international payments and subscriptions. Know more about Test Card details.