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Credit card EMI

Enable credit card EMI on your checkout and achieve 40% higher AOV

Reach 90mn+ customers across 15+ leading banks by offering emi on credit cards. Make high ticket items more affordable on your store and increase checkout conversions by upto 30%.

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    India’s widest credit card EMI stack
    Get access to leading banks and card networks with Cashfree Payments. Convert customers both in India and across the world with a delightful checkout experience. Cashfree’s credit card EMI helps increase conversions for brands across various industries.

    Convert premium customers by offering payment flexibility

    Increase sales of high value goods
    Average monthly customer spend on credit cards is ₹16,000+. Tap into the customer’s increased propensity to shop by offering credit card EMI and get expensive items to fly off the shelf easily.
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    Reduce cart abandonment
    Customers abandon their shopping carts if they find the price of their desired products too high. Bring down the cart abandonment rates by allowing customers to pay in smaller, flexible installments with credit card EMI option.
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    Sustain demand all year round
    No more month-end blues or the need to wait for end of season sales to clear out your inventory. By enabling zero upfront payment through credit card EMI, you can give your customers the freedom to shop all year round, without any budget constraints.
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    Build loyalty and repeat business
    Offering flexibility in payment through EMI on credit cards creates a happy shopping experience and encourages customers to return to your online store for future purchases.
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    Frequently Asked Questions
    Credit card EMI is a payment option that allows customers to convert their purchases into easy monthly installments using their credit cards, without the need to pay the order value upfront.
    EMI on credit cards enables customers to make purchases without worrying about the immediate full downpayment for their purchase or order value. Your customers no longer have to wait for the salary day and postpone their shopping plans. With zero downpayment, credit card emi option makes it easier for them to afford higher-priced products and increases their purchasing power.
    EMI on credit cards is approved based on the customer’s available credit limit, while debit card EMI utilizes the funds from the customer’s bank account. Most bank credit cards do not require the customer to have a savings account or a debit card with the respective bank. The EMI eligibility and limit is pre-approved, providing end customers with flexibility in choosing the most suitable EMI option for their needs.
    Credit card EMI require the customer to own a physical credit card issued by the bank or the card network. Whereas, cardless EMI is a fully digital credit enablement method and the EMI is processed based on the customer's phone number and other KYC details.
    Credit card EMI is available through partnerships with multiple banks. Currently we are live with 15+ leading banks such as SBI, HDFC, ICICI, Bank of Baroda, Axis, Kotak and many more. We will continue to expand our network of partner banks to provide broader coverage. As an online business, you can offer SBI Credit Card EMI. HDFC Credit Card EMI, ICICI Credit Card EMI, Bank of Baroda Credit Card EMI and other available partner bank credit card EMIs on your checkout. Your customers can avail these options based on their credit card EMI eligibility.
    Yes, as a merchant you will receive the entire order amount upfront even if the customer chooses the EMI option on their credit card.
    The issuing bank takes the responsibility for EMI payment defaulting. As a business you are safe from payment defaults as the order amount is fully settled to your account right upfront.
    The maximum credit limit on a credit card is completely based on the customer’s credit profile and is decided by the issuing bank or card network.
    Depending on the card issuing bank and the specific EMI offer, there may be nominal processing fees or interest charges levied from the customer using the credit card EMI option. However, we strive to provide attractive and competitive rates to benefit both customers and businesses.
    Typically, credit card EMIs are accompanied by processing fees and interest charges. However, in the case of no-cost EMI on credit card, the end customers only pay the total amount of the purchase. There will not be any interest rate added to the EMI payments.

    Creating and configuring a no cost EMI on credit cards on Cashfree Payment Gateway checkout is very easy. Just follow the steps below:
    - Go to Payment Gateway Dashboard > Offers > Create No Cost EMI.
    - Enter offer details: Title, offer code, and description.
    - Specify start and end timeline. Choose "Starts Immediately" for instant activation.
    - Add terms and conditions. Provide a short description or link to your business's terms and conditions.
    - Select EMI Type (Credit card) and Issuer (bank).
    - Choose EMI tenures to offer and view corresponding interest charges.
    - Set Max Transactions Limit to restrict the number of transactions for the offer.
    - Click Create to save the No Cost EMI offer.
    - View the created offer in the Offers section of your dashboard.
    - Offers will be displayed during checkout.

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