Offer No Cost EMIs by Bajaj Finserv to your customers. No Cost EMIs are offered as an upfront discount to your customers. The interest levied on the EMIs is waived off. After the customer makes the purchase, they are charged as per the credit card billing cycle or payment terms agreed with Bajaj Finserv.

Prerequisites

The customer should be a registered user of the EMI card provider, Bajaj Finserv.
Generate API keys from the
Dashboard
. A combination of key_id and key_secret is required to authenticate API request sent to Razorpay servers.

How it Works

For the customers to avail No Cost EMIs on the Razorpay Standard Checkout, follow the detailed steps as explained below:

Step 1: Create No Cost EMI Offers

Raise a request with the

Razorpay Support team

to create the relevant No Cost EMIs you want to display on the Checkout. Get the appropriate offer_id created for each EMI plan.

Step 2: Associate Offer with an Order

Obtain the offer_id. Let us say, offer_ANZoaxsOww2X53, from our Support team. Create an order for the transaction amount for which the created offer should be applied.

POST

/orders

amount

mandatory

integer Amount, in currency subunits, for which the order is created. For example, if the order is to be created for ₹30,000, enter the value 3000000 (in paise).

currency

mandatory

string ISO code of the currency associated with the order amount.

notes

optional

json object Key-value pair that can be used to store additional information about the entity. Maximum 15 key-value pairs, 256 characters (maximum) each. For example, "note_key": "Beam me up Scotty”.

offers

mandatory

array Unique identifier of the offer.
Pass the offer_id obtained from Razorpay Support team.

discount

optional

boolean Indicates if a discount is to be applied by Razorpay or not. Possible values:

1(Discount applied)
0(Discount is not applied)

curl -u [YOUR_KEY_ID]:[YOUR_KEY_SECRET] \
-X POST https://api.razorpay.com/v1/orders \
-H "Content-Type: application/json" \
-d '{
  "amount": 1000000,
  "currency": "INR",
  "discount" "1",
  "offers": [
    "offer_ANZoaxsOww2X53"
  ]
}'

Step 3: Trigger Checkout

The order_id obtained in the previous step can be passed to the Checkout page as follows:

Copy-paste the parameters as options in your code:

<button id="rzp-button1">Pay</button>
<script src="https://checkout.razorpay.com/v1/checkout.js"></script>
<script>
var options = {
    "key": "YOUR_KEY_ID", // Enter the Key ID generated from the Dashboard
    "amount": "50000", // Amount is in currency subunits. Default currency is INR. Hence, 50000 refers to 50000 paise
    "currency": "INR",
    "name": "Acme Corp",
    "description": "Test Transaction",
    "image": "https://example.com/your_logo",
    "order_id": "order_9A33XWu170gUtm", //This is a sample Order ID. Pass the `id` obtained in the response of Step 1
    "callback_url": "https://eneqd3r9zrjok.x.pipedream.net/",
    "prefill": {
        "name": "Gaurav Kumar",
        "email": "gaurav.kumar@example.com",
        "contact": "9000090000"
    },
    "notes": {
        "address": "Razorpay Corporate Office"
    },
    "theme": {
        "color": "#3399cc"
    }
};
var rzp1 = new Razorpay(options);
document.getElementById('rzp-button1').onclick = function(e){
    rzp1.open();
    e.preventDefault();
}
</script>

How Customers Avail Offers on Checkout

The customers can complete the payment as follows:

On the Razorpay Checkout, customers enter the required details and select EMI as the payment method. Click Pay Now.
Customers enter the OTP sent to their mobile number if they want to use their saved cards and click Verify.
They can select Cardless and Others and select Bajaj FinServ.
Customers select the EMI tenure and click Select EMI Plan.
They enter the details of Bajaj Finserv-issued card and click Pay via EMI.

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 can check the status of the payment from the Dashboard.

FAQs

See:

No Cost EMI FAQs

Bajaj Finserv No Cost EMIs

Prerequisites

How it Works

Step 1: Create No Cost EMI Offers

Step 2: Associate Offer with an Order

Step 3: Trigger Checkout

How Customers Avail Offers on Checkout

FAQs