EMI is a popular payment method that customers prefer to reduce upfront payments for products. Razorpay Checkout supports EMIs on the cards issued by major banks. EMI is available by default on Razorpay Standard Checkout. No extra integration is needed.
1 . Customers enter the necessary details on the Checkout and select EMI as the option.
2. From the EMI options available, customers select EMI on Cards.
3. On entering the credit card details, all the valid EMI plans are displayed.
4. Customers select the required EMI plan and proceed to complete the payment.
When the customers complete the payment on the Checkout, the entire transaction amount is authorized by the customer’s issuing bank and converted into EMIs within 3-4 days, depending on the payment terms agreed with the credit card provider.