Debit Card EMI is a payment gateway solution that enables businesses to offer EMI (Equated Monthly Installments) on debit cards, allowing customers to convert their purchases into easy monthly installments. This solution helps businesses reach 95+ crore customers across India and unlock 40% higher average order value.
Debit Card EMI is a payment option that allows customers to convert their purchases into easy monthly installments using their debit cards, providing them with affordability and flexibility in payments. Unlike credit card EMI which uses available credit limit, Debit Card EMI utilizes funds from the customer's bank account and does not require a credit card.
Enable shoppers who do not have access to credit cards, especially from tier 2-3 towns, to experience affordable shopping via debit card EMI schemes. This provides affordability to customers even without a credit card.
EMI on debit cards have a comparatively much lower interest rate than credit cards or other cardless EMI options. This helps businesses entice customers who are looking for lower EMI outgo.
Businesses can configure no cost EMIs on debit cards using Cashfree's no-code offer engine and let customers pay without worrying about interest rates. In no-cost EMI on debit card, end customers only pay the total amount equivalent to the purchase made, without any additional costs, while the merchant covers the interest charges to the bank.
Debit card EMI is transparent and straightforward, with no hidden charges or fees.
Businesses can unlock 40% higher average order value by offering EMI on debit cards. The BNPL Plus widget helps remove the hesitation to buy high value goods by promoting discounts and BNPL, maximizing cart value by 40%.
With Cashfree's BNPL Plus widget, businesses can display EMI on Debit Cards and No Cost EMI offers right on their product page.
Plug-in available for multiple e-commerce platforms (specific platform names visible in original content).
Debit Card EMI is available through partnerships with India's top banks:
Cashfree continues to expand its network of partner banks to provide broader coverage. Customers can avail these options based on their debit card EMI eligibility.
Creating and configuring a no cost EMI on debit cards is simple. Follow these steps:
Depending on the bank and the specific EMI offer, there may be nominal processing fees or interest charges associated with EMI on Debit Card. Cashfree strives to provide attractive and competitive rates to benefit both customers and merchants.
For detailed pricing information, visit the Payment Gateway Charges page.
Debit Card EMI is a payment option that allows customers to convert their purchases into easy monthly installments using their debit cards, providing them with affordability and flexibility in payments.
EMI on Debit Cards enables customers to make purchases without worrying about the immediate full downpayment for their purchase or order value, making it easier for them to afford higher-priced products and increasing their purchasing power.
EMI on Debit Card utilizes funds from the customer's bank account, while Credit Card EMI uses their available credit limit. Debit Card EMI does not require a credit card and typically has a variable interest rate based on the bank, providing end customers with flexibility in choosing the most suitable EMI option for their needs.
Debit Card EMI is available through partnerships with multiple banks. Currently Cashfree is live with leading banks such as HDFC, Axis, & Kotak but continues to expand its network of partner banks to provide broader coverage. As an online business, you can offer HDFC Debit Card EMI, Kotak Debit Card EMI and Axis Debit Card EMI on your checkout. Your customers can avail these options based on their debit card EMI eligibility.
Depending on the bank and the specific EMI offer, there may be nominal processing fees or interest charges associated with EMI on Debit Card. However, Cashfree strives to provide attractive and competitive rates to benefit both customers and merchants.
Typically, debit card EMIs are accompanied by processing fees and interest charges. However, in the case of no-cost EMI on debit card, the end customers only pay the total amount equivalent to the purchase made, without any additional costs, while the merchant covers the interest charges to the bank.
Yes, creating and configuring a no cost EMI on debit cards is simple through the Payment Gateway Dashboard. Follow the configuration steps outlined in the "How to Configure No-Cost EMI on Debit Card" section above.
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.
RBI Authorised Payment Aggregator License Certificate of Authorisation No. 266/2025
RBI Authorised Prepaid Payment Instrument (PPI) Provider Certificate of Authorisation No. 209/2024
Businesses can get started with Debit Card EMI by:
For additional support and questions, visit the Cashfree support page.