About Cardless EMI

Offer automatic EMI payments without using credit or debit cards to your customers. Check the payment flow and supported Cardless EMI providers.

Available in🇮🇳 India

Cardless EMI Changelog

Discover new features, updates and deprecations related to Cardless EMI (since Jan 2024).

Offer Cardless EMI as a payment method to convert their payment amount to EMIs without 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.

Watch Out!

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

Feature Enablement

Cardless EMI as a payment method is not enabled by default. Raise a request with our Support Team to enable this feature.

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
ICICI Bank	icic	₹7000
IDFC Bank	idfb	₹5000
HDFC Bank	hdfc	₹5000
Kotak Bank	kkbk	₹3000
axio	walnut369	₹900
Fibe	earlysalary	₹3000
ZestMoney	zestmoney	₹3000

Handy Tips

Check the standard interest rates charged by Banks/Partners.

Non-Banking Payment Partners

Payment Partners	Provider Code	Minimum Order Amount
axio	walnut369	₹900
Fibe	earlysalary	₹3000
ZestMoney	zestmoney	₹3000

Handy Tips

Check the standard interest rates charged by Pay Later Providers.

Optimizer Providers

Payment Partners	Provider Code	Minimum Order Amount
ShopSe	shopse	₹3000
Snapmint	snapmint	None

Handy Tips

Check the standard interest rates charged by Pay Later Providers.

Payment Flow

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

Payment Flow on Standard Checkout

Customers select the products on your website or app and proceed to Checkout. On the Checkout page, the customers:

1. Enter their Phone Number and click Continue.
2. Select EMI as the payment method.
3. Select Cardless and Others.
4. Choose a payment instrument from the list and select the EMI tenure. Click Continue.

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 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.

Standard Checkout Integration

No additional integration is required to show Cardless EMI on your Standard Checkout page.

FAQs

See: Cardless EMI FAQs.