EMI helps you provide an instalment capability to your customers at no additional cost. This can be extended over 30+ payment options under cardless, credit card, and debit card.

These payment options are available in the Cashfree Payments checkout page without any additional integration. If you are using a custom checkout page, you can add 25+ EMI options in under 30 lines of code. Refer here for the API documentation.

You can view the EMI options activated for your account from Settings > Payment Methods in the Payment Gateway dashboard. Reach out to [email protected] to enable other payment modes. Read more on activating payment methods here.

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Payment Methods

EMI Types

The table below lists the EMI payment modes that the customer can utilise to complete the payment on the checkout page.

EMI TypeDescription
Credit Card EMICashfree Payments supports Credit Card EMI payment method through which you can reduce the amount the customer pays upfront. Cashfree Payments offers EMI facility on credit cards issued by all major banks.
Debit Card EMICashfree Payments supports Debit Card EMI payment method through which you can allow your customers to utilise the benefits of Debit Card EMI plans. EMI on debit cards help you extend EMI capability to non-credit card holders.
Cardless EMIEven if your customers do not possess debit or credit cards they can make use of the EMI benefits by just providing the mobile number.

Credit Card EMI

We offer EMI facility on credit cards issued by all major banks. The tenures supported and the interest charged vary across banks is listed here. This could be used to populate the EMI plans if you have a custom checkout page.

You can configure No Cost EMI on your own for credit cards and bear the interest charged.

Issuing BankMin AmountMax AmountAvailabilityCredit Period
HDFC Bank1000 (3 months), 3000 (others)500000Default3-12 months
ICICI Bank1500500000Default3-24 months
RBL Bank1500-Default3-24 months
Standard Chartered2000500000Default3-12 months
Kotak Mahindra2500-Default3-24 months
Bank Of Baroda2500-Default3-36 months
Axis Bank25001000000Default3-24 months
A U Small Bank2000-Default3-24 months
IndusInd Bank2000-Requires Approval3-12 months
Yes Bank1500-Default3-36 months
State Bank of India4000-Requires Approval3-12 months
HSBC Bank2000-Requires Approval3-24 months
Citi Bank2500-Requires Approval3-12 months
Federal Bank2500750000Requires Approval3-12 months
American Express5000-Requires Approval

Debit Card EMI

EMI on debit cards help you extend EMI capability to non-credit card holders. We support majority of the top banks that issue debit cards for EMI processing. The tenures and interest rates charged are listed here.

We perform an eligibility check on Cashfree Payments redirection checkout to check if the card-holder is approved for the EMI facility ensuring better conversion.

You can configure No Cost EMI on your own for debit cards and bear the interest charged.

Issuing BankMin AmountMax AmountAvailabilityCredit Period
HDFC Bank3000 (3 months), 5000 (others)500000Default3-24 months
Axis Bank5000100000Default3-24 months

Watch the demo below to understand the Credit and Debit Card EMI payment flow.


Cardless EMI

In order to help you extend credit at checkout to the maximum number of customers, we have partnered with Banks and NBFCs to provide EMIs using the customer’s mobile number. The customers should be pre-approved by these partners to opt for the EMI facility.

ZestMoney allows you to extend pay in 3 installments to your customers at 0% interest rate without any additional cost for you. Details on the interest charged across each issuer is available here.

Additionally you can reach out to [email protected] and place a request for No Cost EMI to be configured for Cardless EMI thereby bearing the interest charged.

IssuersMin AmountMax AmountAvailabilityCredit Period
Federal5000150000Requires Approval3-12 months
IDFC Bank5000100000Requires Approval3-12 months
Kotak Bank3000-Requires Approval3-12 months
HDFC Bank3000 (3 months), 5000 (others)500000Requires Approval3-24 months
Home Credit500-Requires Approval3-12 months
ICICI Bank7000-Requires Approval3-12 months
Bank of Baroda500050000Requires Approval9-18 months
ZestMoney1000150000Requires Approval3-9 months
Kreditbee2400200000Default3-18 months

Watch the demo below to understand the Cardless EMI payment flow.

No Cost EMI

No Cost EMI is an additional feature of EMI, read more on No Cost EMI here.