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Create Low Cost EMI Offers

Create Low Cost EMI Offers from the Razorpay Dashboard.

A Low Cost EMI is an offer where you can decide the cost to subvent for each EMI tenure and the customer bears the remaining cost. This approach ensures that customers enjoy the benefits of EMI at an affordable price, helping you minimise the overall cost.

Handy Tips

Once you create a Low Cost EMI offer, you cannot edit it. To make changes, disable the previous offer and create a new one.

Steps to Create Low Cost EMI Offers

Watch this video to see how to create an offer.

To create Low Cost EMI offers:

  1. Log in to the

    Razorpay Dashboard

    .
  2. Navigate to Offers and click + Create No & Low Cost EMI.
    Create a Low Cost EMI offer
  3. The Create an Offer wizard appears with the following four sections. Enter details in all these sections to create the offer.

You can review the offer configurations at the end under the

Overview
tab.

Description

In the Description section, enter the following details. All the fields are mandatory.

  1. Offer Name: Enter the name of the offer. For example, Diwali Dhamaka. This appears at the Checkout.
  2. Display Text: Enter a meaningful description for the offer. For example, Low Cost EMI Offers. This appears at the Checkout.
  3. Terms: Enter the terms and conditions for this offer.
  4. Click Next.
Enter the offer details to proceed

Discount Type

In the Discount Type section, enter the discount details that should be applied to the offer.

  1. Minimum Order amount: Enter the minimum bill amount for which the Low Cost EMI Offer can be applied. For example, the offer can be applied to a minimum amount of ₹4,000. This is a mandatory field.
  2. Maximum Order amount: Enter the maximum bill amount for which the Low Cost EMI Offer can be applied. For example, the offer can be applied to a maximum amount of ₹1,00,000.
  3. Click Next.
Enter the discount details to proceed

Applicable On

Under the Applicable On tab, fill in the following details:

  1. Issuer: Select the bank issuing the Low Cost EMI and click Next.
  2. EMI Tenure: Select the tenures to be listed at the Checkout.
  3. EMI Offer Type: Select Low Cost EMI from the drop-down list and configure the interest rate that you will bear for each tenure. The remaining interest rate is auto-filled which is borne by the customer.
  4. Click Next.
Enter the payment method details

Offer Validity

In the Offer Validity tab, set how long the offer should be valid and how you want to handle the payment failure situations:

  1. Starting On: Select the Starts Immediately check box for the offer to come into effect immediately. Alternatively, you can select the date and time the created Offer should become active.
  2. Expires On: Select the date and time the offer should end.
  3. On Payment Failure: Define how to handle payment failure.
    • Do not allow payment to go through: The payment has failed.
    • Allow customer to pay without availing offer: The payment is allowed even though the set validations are not met. However, the offer is not applied to the bill amount. The customer will be charged the entire order amount.
  4. Max Usage: Set the number of times the offer should be applied across all transactions. For example, 100.
  5. Show Offer on Checkout: Select this check box for the created offer to be displayed for all Standard Checkout payments including

    Payment Links

    .
  6. Click Next.
Enter the offer validity details to proceed

Overview

Click the Overview tab to view the offer summary you just created.

  1. Terms and Conditions: Select the check box after you have read the disclaimer.
  2. Click Create EMI Offer.
Check the terms and conditions and create an offer

By default, all the created offers are in the enabled state.

Test the Low Cost EMI Offer

You can test the created Low Cost EMI offer for all Standard Checkout payments, including

Payment Links

,

Payment Button

,

Payment Pages

and so on.

Handy Tips

  • You can toggle between Live and Test Modes on your Dashboard. Navigate to the top menu ribbon and click the drop-down icon against Live Mode. Toggle to Test Mode and test the offers enabled.

  • You can make test payments using one of the payment methods at the Checkout. No money is deducted from your account as this is a simulated transaction.

We will test the offer using a valid Payment Link for this example. Follow the steps given below:

  1. Select the Payment Link Id you wish to test the created offer from the Dashboard.
    Payment Link Test Offer
  2. Copy the Payment Link URL and open it in your browser.
  3. Enter your contact details and click Proceed.
  4. Select EMI.
  5. Select the payment option you created for the offer on from the Dashboard. Select the EMI plan and enter the required

    test details

    .
    Select the offer, EMI plan and enter the details
  6. Click Pay via EMI
  7. Select Success or Failure, depending on which flow you wish to test.
    Test Payment Success or Failure Flow
  8. You should see a confirmation message depending on the flow you have selected.

On successful payment, you should have received a discount on your payment. You can verify this by navigating to the Transactions → Payments tab and viewing the payment details.

Disabling Low Cost EMI Offers

To disable Low Cost EMI offers:

  1. Log in to the

    Razorpay Dashboard

    .
  2. Navigate to Offers to view a summary of the existing offers.
  3. Click the required Offer_id.
  4. Go to the Status field in the pane that appears and click Disable.
    Disable an Offer
  5. Click Yes, Disable.

Next Steps

Now that the Low Cost EMI is created, you should integrate it with the Checkout for customers to avail the EMI scheme. Know more about

integrating Low Cost EMI Offers with Standard Checkout

.

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