About EMI

Let your customers avail various EMI plans at Razorpay Standard Checkout. Debit Cards, Credit Cards, No Cost EMI, Low Cost EMI and Cardless EMI.

EMI provides an option to your customers for making total payment in easy equal monthly installments at the applicable interest rates from the list of banks and partners. This payment option encourages your customer to make big value purchases without worrying about paying the full amount upfront. Customers pay principal amount and interest in monthly equal installments.

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.

Watch Out!

Instant Refunds are not supported on EMI, Cardless EMI and Pay Later.

EMI TypesAvailability
✓ (State bank of India requires )
✓ (Debit and Credit card EMIs)
✓ (Debit and Credit card EMIs)

You can view the EMIs enabled for your Razorpay account from the Account & Settings → Payment Methods tab.

Dashboard - Payment Methods Enable EMI.

Additional Payment Methods

You can raise requests for

. Know more about .

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

On the Checkout page, the customers:

  1. Enter the Phone Number and click Proceed.

  2. Select EMI, No Cost EMI or Low Cost EMI as the payment method as highlighted below and click Pay Now.

    Select EMI or No Cost EMI option.
  3. Enter the OTP sent to their mobile number if they want to use the saved card and click Verify.

  4. Select a preferred EMI type,

    , or and the EMI tenure or select an option that provides No Cost EMI offers. Click Continue.

    Bank EMI or Other EMI options
  5. Choose a bank from the list and select the EMI tenure. Click Select EMI Plan.

    EMI tenure and click Select Plan
  6. Enter the required details and click Pay via EMI. If the customers are not eligible, they can pay the full amount.

    Pay via EMI
  7. Choose if they want to Pay and Save Card or Pay without Saving Card.

    Choose to save card or skip it

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


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.

Live Transaction with Auto Refund

This is a real transaction and money will be deducted from your account. However, the amount debited will be auto-refunded to your account in 5-7 working days.

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


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