Frequently Asked Questions (FAQs)
Find answers to frequently asked questions about No Cost EMI.
You, as a merchant, would bear the cost of No Cost EMI. It will be given as an upfront discount on the product cost to the end consumer. The discount percentage will vary by the bank and period of EMI.
No Cost EMI is available on all credit card and debit card EMI banks.
Yes, the customers' banks will continue to charge them interest. However, this interest charge has been provided to the customer as an upfront discount at the time of purchase, effectively giving them the benefit of a No Cost EMI.
Yes. Razorpay enables you to display No Cost EMIs at the Checkout. Know more about
.Handy Tips
The banks charge GST to end consumers on the interest paid over and above the following amount.
Calculations on the cost incurred by the merchant at all standard plan and tenures are listed below:
The order amount minus the entire interest subvented by you as a discount is settled in your bank account as per your
.Watch Out!
However, Razorpay pricing is not included in this settlement, it will be applied in addition to the above amount.
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