EMI

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.

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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:

• PayU Hosted Checkout Integration
• Merchant Hosted Checkout Integration
  • Debit Card
  • Credit Card
  • Cardless EMI
  • Native OTP Flow Integration
    • Debit Card
    • Cardless 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

Cardless

• Bajaj Finserve
• Liquiloan
• Zest Money
• KreditBee