Cardless EMI - Standard Checkout

Extend easy EMI payment options to your customers at Razorpay Standard Checkout. Customers can make automatic EMI payments without using any credit or debit card.


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.

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

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

Axio

walnut369

₹900

Payment Flow🔗

Given below is a diagram that explains the payment flow for Cardless EMI:

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

  1. Customers enter the required details on the Checkout page and select EMI.

  2. Customers select the preferred cardless EMI service provider.

  3. 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.

  4. If the entered mobile number is invalid, an error message is displayed that the user does not have an account with the service provider.

  5. 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.

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