Create No Cost EMI Offers

Create No Cost EMI Offers from the Razorpay Dashboard.

A No cost EMI offer is a plan where your customers can pay for a product or service in affordable monthly installments with zero interest. This means that the customers are only paying for the product's total price, with no extra charges.

You can create No Cost EMI offers from the Dashboard.

Handy Tips

Once you create a No Cost EMI offer, you cannot edit it. To make changes, disable the previous offer and create a new one.

Watch this video to see how to create a No Cost EMI offer.

To create No Cost EMI offers:

  1. Log in to the .
  2. Navigate to Offers and click + Create No & Low Cost EMI.
    Create a No 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


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, No Cost EMI Offer. This appears at the Checkout.
  3. Terms: Enter the terms and conditions for this offer.
  4. Click Next.
Enter the offer details to proceed

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

  1. Minimum Order amount: Enter the minimum bill amount for which the No Cost EMI Offer can be applied. For example, the offer can be applied to a minimum amount of ₹3,000. This is a mandatory field.
  2. Maximum Order amount: Enter the maximum bill amount for which the No Cost EMI Offer can be applied. For example, the offer can be applied to a maximum amount of ₹4,00,000.
  3. Click Next.
Enter the discount details to proceed

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

  1. Issuer: Select the bank issuing the No Cost EMI and click Next.
  2. EMI Tenure: Select the tenures to be listed at the Checkout.
  3. EMI Offer Type: Select No Cost EMI from the drop-down list. This also displays the discount that you will bear.
  4. Click Next.
Enter the payment method details

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 the time from which the created Offer should become active.
  2. Expires On: Select the date and time at which the offer should end. For example, 31 Oct 2020 at 11:59pm.
  3. On Payment Failure: Define how to handle payment failure.
    • Do not allow payment to go through: The payment is 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 .
  6. Click Next.
Enter the offer validity details to proceed

Click the Overview tab to view the summary of the offer that 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.

You can test the created No Cost EMI offer for all Standard Checkout payments, including

, , 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.

For this example, we will test the offer on a valid Payment Link. Follow the steps given below:

  1. Select the Payment Link Id you wish to test the created offer from the Dashboard.
  2. Copy the Payment Link URL and open it in your browser.
    Payment Link Test Offer
  3. Enter your contact details and click Proceed.
  4. Select EMI.
    Apply the selected offer
  5. Select the payment option you created the offer on from the Dashboard. Enter the required .
  6. Select Success or Failure, depending on which flow you wish to test.
    Test Payment Success or Failure Flow
  7. 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.

To disable No Cost EMI offers:

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

Now that the No Cost EMI is created, you should integrate it with the Checkout for customers to avail the EMI scheme. Know more about


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