Using Razorpay, you can let your customers use Cardless EMI as a payment method to convert their payment amount to EMIs without the need of a debit or credit card. Customers enjoy the benefits of the EMI as the payments are made using credits approved by the supported Cardless EMI Payment Partners.

Feature Enablement
Cardless EMI as a payment method is not enabled by default. Raise a request with our Support Team to enable this feature.

Supported Payment Partners🔗

Following is the list of supported Payment Partners for Cardless EMI and the minimum order amount stipulated by them:

Banks🔗

Banks	Provider Code	Minimum Order Amount
HDFC Bank	`hdfc`	₹5000
Bank of Baroda	`barb`	₹5000
Kotak Bank	`kkbk`	₹5000
ICICI Bank	`icic`	₹5000
IDFC Bank	`idfb`	₹5000
Federal Bank	`fdrl`	₹5000
Home Credit	`hcin`	₹500

Non-Banking Payment Partners🔗

Payment Partners	Provider Code	Minimum Order Amount
EarlySalary	`earlysalary`	₹3000
ZestMoney	`zestmoney`	₹99
Walnut 369	`walnut369`	₹900

Payment Flow🔗

The payment flow for a customer using cardless EMI at Standard Checkout is described below:

Customers enter the required details on the Checkout page and select EMI.
Customers select the preferred cardless EMI service provider.
If the amount entered in the Checkout is eligible for EMI, customers are sent an OTP on their registered mobile numbers to authenticate their account with the selected cardless EMI service provider.
If the entered mobile number is invalid, an error message is displayed that the user does not have an account with the service provider.
After the successful verification, customers select EMI plan of their choice and complete the transaction.

You will receive the entire payment amount from the cardless EMI service provider. Based on the terms and conditions, the customer pays the total payment amount with additional interest (if any) as EMIs to the provider.

Standard Checkout Integration🔗

No additional integration is required to show cardless EMI on your Standard Checkout page.

FAQs🔗

EMI FAQs