About No Cost EMI
Let your customers avail No Cost EMIs offered by all major banks.
A No Cost EMI is an offer where customers pay for a product in installments with zero interest. Offer No Cost EMIs on credit and debit cards issued by all the major banks. EMI discount is applied to the customer's purchase to cover the interest that the bank charges.
- You can create No Cost EMIs for a selected issuer from your Dashboard.
- Follow the steps in Offers to on the Dashboard.
- Enter the Phone Number and click Continue.
- Select EMI as the payment method.
- Select the EMI option where No Cost EMI is available. If the amount entered in the Checkout is eligible for the discount, all the applicable EMI options are shown.
- Select the EMI tenure and click Continue. They enter the relevant details.
- If the customers are:
- Eligible to avail of the EMI, they click Continue.
- Not eligible for availing the EMI, they have to pay the full amount. They click Pay full amount and are prompted to confirm the action.
- Choose if they want to Save this card as per RBI guidelines or pay without saving the card.
After the successful payment, Razorpay redirects customers to your application or website. By the end of the EMI cycle, the card issuer deducts the EMI amount from the customer’s bank.
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