EMI and Pay Later Method

Offer your customers the convenience of buying now and paying later through Cashfree's platform. Enable multiple Pay Later and cardless credit EMI options with a single integration. Contact [email protected] to use these features.

EMI

Cashfree supports EMI payment method. You can use different EMI providers on our platform. Below is a list of supported providers and their payment codes for a seamless flow. If you are using a Cashfree hosted integration, we will automatically show all these options to eligible users on the checkout page.

Here is a sample of the request that you need to send to /orders/pay to process a seamless EMI payment. Read more here.

{   
"order_token": "t9qcKxyZeINHM625rHrx",
    "payment_method" : {
        "emi": {
            "channel": "link",
            "card_number": "4111111111111111", 
            "card_expiry_mm": "12",
            "card_expiry_yy": "22",
            "card_cvv": "123",
            "card_bank_name": "Kotak",
            "emi_tenure": 3
        }
    }
}

The following card issuers are supported for card-based EMIs. Please send the exact values in the card_bank_name parameter.

  • HDFC
  • Kotak
  • ICICI
  • RBL
  • BOB
  • Standard Chartered
  • Axis

We support the following tenures for each of these: 3, 6, 9, 12, 14, 18, 24.

EMI Plans

List of emiPlan that is required in case of Card based EMI

Name of the Provider

No. of Months

Interest

Standard Chartered Credit Card

3

11.88 %

Standard Chartered Credit Card

6

13 %

Standard Chartered Credit Card

9

14 %

Standard Chartered Credit Card

12

14 %

ICICI Bank Credit Card

3

13 %

ICICI Bank Credit Card

6

13 %

ICICI Bank Credit Card

9

13 %

ICICI Bank Credit Card

12

13 %

ICICI Bank Credit Card

18

15 %

ICICI Bank Credit Card

24

15 %

Kotak Bank Credit Card

3

12 %

Kotak Bank Credit Card

6

12 %

Kotak Bank Credit Card

9

14 %

Kotak Bank Credit Card

12

14 %

Kotak Bank Credit Card

18

15 %

Kotak Bank Credit Card

24

15 %

HDFC Bank Credit Card

3

15 %

HDFC Bank Credit Card

6

15 %

HDFC Bank Credit Card

9

15 %

HDFC Bank Credit Card

12

15 %

Bank of Baroda

3

13 %

Bank of Baroda

6

13 %

Bank of Baroda

9

13 %

Bank of Baroda

12

13 %

Bank of Baroda

18

15 %

Bank of Baroda

24

15 %

Bank of Baroda

36

15 %

RBL Bank

3

13 %

RBL Bank

6

14 %

RBL Bank

9

15 %

RBL Bank

12

15 %

RBL Bank

18

15 %

RBL Bank

24

15 %

Axis Bank

3

13 %

Axis Bank

6

13 %

Axis Bank

9

14 %

Axis Bank

12

14 %

Axis Bank

18

15 %

Axis Bank

24

15 %

Other EMI Providers

Your customers can also pay through other EMI providers (non card based). A sample request is also provided here for your reference.

curl --request POST \
     --url https://api.cashfree.com/pg/orders/pay \
     --header 'Accept: application/json' \
     --header 'Content-Type: application/json' \
     --data '
{
     "payment_method": {
          "paylater": {
               "channel": "link",
               "phone": "77891212345"
          }
     },
     "order_token": "ydfkhkashdfh1k23123"
}

Provider

Name of the Provider

flexmoney

FlexMoney

zestmoney

ZestMoney

Paylater Providers

Your customers can also pay through the following Paylater providers. ["kotak", "flexipay", "zestmoney", "lazypay", "olapostpaid"].

Provider

Name of the Provider

kotak

Kotak Bank Paylater

flexipay

HDFC Bank Paylater

zestmoney

ZestMoney Paylater

lazypay

Lazypay

olapostpaid

Ola Money Postpaid


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