EMI and Pay Later Method

Activating EMI and Pay Later

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

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EMI and Pay Later

Credit Card EMI

Cashfree supports Credit Card 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 8 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
  • AU (for AU Small Finance Bank)
  • Yes Bank
  • Indusind
  • SBI
  • Federal
  • HSBC
  • Citi

We support varying tenures for each of these: 3, 6, 9, 12, 14, 18, 24, 36 depending on the issuing bank.

EMI Plans

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

Name of the Provider

Minimum Amount (INR)

3 Months

6 Months

9 Months

12 Months

18 Months

24 Months

36 Months

Standard Chartered Credit Card

2000

11.88%

13%

14%

14%

ICICI Bank Credit Card

2000

13%

13%

13%

13%

15%

15 %

Kotak Bank Credit Card

2000

12%

12%

14%

14%

15%

15 %

HDFC Bank Credit Card

3000

15%

15%

15%

15%

Bank of Baroda

2500

13%

13%

13%

13%

15%

15 %

15 %

RBL Bank

1500

13%

14%

15%

15%

15 %

Axis Bank

2500

13%

13%

14%

14%

15%

15 %

AU Small Finance Bank

2000

14%

14%

14%

14%

14%

14%

State Bank of India Credit Card

3000

14%

14%

14%

14%

Federal Bank

3000

14%

14%

14%

14%

Citi

2500

13%

13%

15%

15%

HSBC

2000

12.50%

12.50%

13.50%

13.50%

Indusind

2000

13%

13%

13%

12%

Yes Bank

1500

14%

14%

14%

15%


Debit Card EMI

Cashfree Payments supports Debit Card EMI payment method. When a merchant uses a Cashfree hosted integration, we show the Debit Card EMI option on request. We will soon be live on the seamless integration flow.

Name of the Provider

Minimum Amount (INR)

3 Months

6 Months

9 Months

12 Months

24 Months

HDFC Bank

5000

16%

16%

16%

16%

16%


Cardless EMI Providers

Your customers can also pay through other EMI providers (non-card based). A sample request is also provided here for your reference. ["flexmoney", "zestmoney"].

The providers are:
Flexmoney (powers Cardless EMI from HDFC Bank, Kotak Bank, ICICI Bank, IDFC Bank, Federal Bank, Home Credit & Bank of Baroda)
ZestMoney
Kreditbee (Will be available soon for web integration flow.)

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

Provider Parameter

Name of the Provider

flexmoney

FlexMoney (powers Cardless EMI from HDFC Bank, Kotak Bank, ICICI Bank, IDFC Bank, Federal Bank, Home Credit & Bank of Baroda)

zestmoney

ZestMoney

Paylater Providers

Your customers can also pay through the following Paylater providers:

  • Kotak Bank Paylater
  • HDFC Bank Paylater
  • ZestMoney Paylater
  • Lazypay
  • Ola Money Postpaid
  • Simpl
  • Freecharge (Will be available soon for web integration flow.)

Provider Parameter

Name of the Provider

kotak

Kotak Bank Paylater

flexipay

HDFC Bank Paylater

zestmoney

ZestMoney Paylater

lazypay

Lazypay

olapostpaid

Ola Money Postpaid

simpl

Simpl

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",
               "provider": "flexipay",
               "phone": "77891212345"       
          }
     },
     "order_token": "ydfkhkashdfh1k23123"
}

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