Equated Monthly Instalment (EMI) refers to the fixed amount of money you pay to a bank or a lender every month as part of the repayment of an outstanding loan. EMI as a payment option gives your customers the freedom and affordability to purchase expensive items without having to deal with banks or NBFCs as intermediaries.


Before you begin:

Register for a account with PayU before you start integration. For more information, refer to Register for a Merchant Account.

The following video describes why EMIs are important for your business and gives an overview of PayU’s EMI offerings:

The following sections describe the procedure to integrate cards with EMI:

Supported Banks or Institutions

PayU supports EMI for the following banks or institutions with debit cards & credit cards and No-Cost EMI:

Credit Cards

  • American Express
  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • Citibank
  • State Bank of India
  • Kotak
  • RBL Bank
  • IndusInd Bank
  • Standard Chartered Bank
  • YES Bank
  • HSBC Bank
  • One Card
  • AU Small Finance Bank
  • Bank of Baroda
  • IDBI Bank
  • IDFC First Bank

Debit Cards

  • State Bank of India
  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • Federal Bank
  • Bank of Baroda


  • Bajaj Finserve
  • Liquiloan
  • Zest Money
  • KreditBee