Debit Card EMIs on Checkout

Debit EMI is an EMI method using which customers can buy various products on EMI using their debit cards without having to pay the entire amount immediately. Customers need not have the entire amount in their accounts at the time of transaction and their banks will not block any amount on their cards.

Payment gateway Razorpay has partnered with various banks to provide Debit card EMIs on the Checkout so that your customers can avail these EMI plans and repay them at their convenience.

How does Debit Card EMI work?#

On SOHO website, customer selects the product and proceeds to checkout.

  1. On the Checkout form, customers select EMI as the payment method.

  2. Customers select EMI on Cards option in the EMI tab:

  3. Customer enters the debit card details as shown:

  4. If the order amount is eligible for debit card EMI, the corresponding EMI plans along with interest rates are displayed.

  5. Customers select the EMI tenure of their choice and are prompted to enter the phone number linked to their bank account.

    6. If the customer is eligible for availing the EMI, an OTP is sent by their bank to validate their identity.

    After the successful authentication, the customer is redirected to your application or website. Customer’s monthly debit card statements will reflect the EMI amount with the interest charged by the bank.

    FAQs about Debit Card EMIs

    1. What is the minimum balance required in the customer’s account to avail Debit card EMI?
      None. Customers need not have any minimum balance in their accounts while placing the order. However, they need to ensure that their accounts have sufficient funds to pay the EMI due every month.

    2. How will the customers know that they are eligible for Debit card EMI?
      Eligible customers can view the option on the Checkout under EMI option. However, as the eligibility criteria can vary for each bank or can be changed by the banks periodically, it is recommended that the customers reach out to their respective banks to check if they are eligible or not.

    3. What is the criteria to avail Debit card EMI?
      To avail Debit card EMI, your customers should pass the eligibility criteria set by their banks. The minimum order amount on the Checkout should be ₹5000 (for HDFC Debit cards)

    4. Can you provide a list of the EMI plans and interest rates of different banks that support Debit card EMI?
      The interest rates applied by each bank for debit card EMIs are provided for your reference. The minimum transaction amount for which EMIs can be availed on debit cards can vary for each bank. The maximum transaction amount depends upon the available pre-approved limit for the customer. Right now, customers can avail EMIs on HDFC debit cards only.

      Bank Code

      Issuer Bank

      3 months

      6 months

      9 months

      12 months

      18 months


      HDFC Bank






    5. Can the customers change the EMI plan after placing the order?
      EMI plans cannot be changed once an order is placed.

    6. Do customers need to pay any down payment to avail Debit card EMI?
      No, the customers need not pay any down payment amount to avail the EMI.

    7. Is there a possibility to foreclose EMIs availed on Debit cards’?
      Yes, Debit Card EMIs can be foreclosed after clearing first three EMIs.

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