Get EMI Amount According to Interest API
The Get EMI Amount According to Interest API (getEmiAmountAccordingToInterest API) is used to get the EMI interest bank rates for all the enabled EMIs.
Sample request
curl -X POST "https://test.payu.in/merchant/postservice?form=2" \
-H "accept: application/json" \
-H "Content-Type: application/x-www-form-urlencoded" \
-d "key=JP***g&command=getEmiAmountAccordingToInterest&var1=20000&hash=3b16384427372f658244a106258790df9ed601e3c1dcd1f43d08f7e616bfe907f095947491baa3ec8629d33b3903e8b1e0a1872aa009c5f5c34b06466311dc95&hash="Sample response
{
"7": {
"EMIA3": {
"transactionAmount": 100000,
"paybackAmount": 0,
"loanAmount": 100000,
"emiAmount": 33333.33,
"additionalCost": "0.00",
"emiMdrNote": null,
"emiBankInterest": 16,
"bankRate": null,
"bankCharge": 0,
"amount": 33333.33,
"card_type": "credit card",
"emi_value": 34226.15,
"emi_interest_paid": 2678.44,
"tenure": "03 months"
},
/* Additional entries omitted for brevity */
}
}Response parameters
The response includes the JSON array and each JSON has the fields as described in the following table:
Reference:
In the JSON Array of the response of the Get EMI Amount According to Interest API, the code displayed for the each issuer (at the beginning of each object). The significance of these codes are described in EMI Options for Get EMI According to Interest API.
| Parameter | Description | Example |
|---|---|---|
| transactionAmount | The transaction amount that is will be converted into EMI. | 20000 |
| loanAmount | The loan amount that needs to be converted as EMI. | 20000 |
| emiAmount | The amount that needs to be converted as EMI. | 20000 |
| additionalCost | The processing fee or additional cost for processing the EMI excluding interest. | 0.00 |
| emiMdrNote | The EMI Merchant Discount Rate (MDR) note if any for the transaction. | 0.25 |
| bankRate | The interest rate in percentage for the EMI. This is excluding the processing fee. For example, 12%, 18%, 24%, etc. | 13 |
| bankCharge | The bank charges for the EMI transaction. | 0 |
| amount | The principal part of the EMI. | 6666.67 |
| card_type | The card type used by the customer and can be any of the following: * credit card * debit card | credit card |
| emi_value | The amount to be paid per EMI. | 6811.63 |
| emi_interest_paid | The total interest paid for all the EMIs. | 434.89 |
| tenure | The tenure for the EMI in months. For example, 3, 6, 12, 24, 36, etc. | 3 |
Request parameters
Additional information
Use the following sample values while trying out the API:
Parameter | Reference |
|---|---|
key | For more information on how to generate the Key and Salt, refer to any of the following:
|
hash | Hash logic for this API is: |
var1 | For JSON fields description, refer to Additional Info for General APIs |
Example values:
var1: Any amount.