About Credit Card EMI

Let your customers avail Credit Card EMIs at Razorpay Standard Checkout.

Available in🇮🇳 India

Razorpay Checkout supports EMIs on credit cards issued by major banks. EMI is available by default on Razorpay Standard Checkout. No additional integration is needed.

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 Credit Card EMI and the minimum order amount stipulated by them:

Banks

Bank Code	Issuer Bank	Availability	Minimum Amount (in INR)
AMEX	American Express	Request Activation	5000
BARB	Bank of Baroda	Enabled on first card transaction	2500
CITI	Citibank	Enabled on first card transaction	2500
FDRL	Federal Bank	Enabled on first card transaction	2500
HDFC	HDFC Bank	Request Activation	1000
HSBC	HSBC Bank	Enabled on first card transaction	2000
ICIC	ICICI Bank	Enabled on first card transaction	1500
IDFB	IDFC Bank	Enabled on first card transaction	2500
INDB	IndusInd Bank	Enabled on first card transaction	2000
KKBK	Kotak Mahindra Bank	Enabled on first card transaction	2500
RATN	RBL Bank	Enabled on first card transaction	1500
SBIN	State Bank of India	Request Activation	2500
SCBL	Standard Chartered	Enabled on first card transaction	2500
UTIB	Axis Bank	Enabled on first card transaction	3000
YESB	Yes Bank	Enabled on first card transaction	1500

Other Cards

Code	Card Network Name	Availability	Minimum Amount (in INR)
Onecard	OneCard	Enabled on first card transaction	2500

Quick Notes

For HDFC Bank and State Bank of India (SBI), please raise a request here to enable them (not enabled by default).

Interest Rates

Check the standard credit card interest rates charged by major banks.

Fetch EMI Plans

Use the below endpoint to fetch a list of EMI plans offered by banks:

GET /methods

[YOUR_KEY_ID] Required

To fire this API, you must provide your [KEY_ID] for authorization. Your [KEY_SECRET] is not required and should not be passed. Know how to generate the API Keys.

Request

curl -u [YOUR_KEY_ID] \
-X GET https://api.razorpay.com/v1/methods

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 the Phone Number and click Continue.
2. Select EMI as the payment method.

3. Select Credit Card.

4. Choose a bank from the list and select the EMI tenure. Click Continue.

5. Enter the relevant details. The eligibility depends on the customer’s card’s BIN (first 6 digits). If the card is not eligible, the customers can pay the full amount.
6. 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. Customers’ monthly statements will reflect the EMI amount with interest charged by the bank.

When the customers complete the payment on the Checkout, the entire transaction amount is authorized by the customer’s issuing bank and converted into EMIs within 3-4 days, depending on the payment terms agreed with the credit card provider.

FAQs

Credit Card EMI FAQs.