Note:
Subvention Amount: The amount for which the EMI interest should not be calculated.
For example - if the Order amount is 100, the subvention amount is 10, interest will be calculated for 100-10 = 90.
Subvention amount can be from 0 to 100. If subvention amount = order amount then its no-cost EMI
The mechanism of running offers or subvention amount is the responsibility of merchants in collaboration with PG/Banks.
EMI Support Matrix
The following are the valid combinations for emi_bank and emi_tenure, although you need to check if bank has approved all the tenures for your gateway account. JusPay does not validate this for you.
| EMI Bank | EMI Tenure | Supported Gateways |
|---|---|---|
| HDFC | 3,6,9,12,18,24 | PAYU, HDFC, RAZORPAY, BILLDESK |
| CITI | 3,6,9,12,18,24 | PAYU |
| ICICI | 3,6,9,12,18,24 | PAYU, ICICI, CCAVENUE, RAZORPAY,BILLDESK |
| SBI | 3,6,9,12 | PAYU, CCAVENUE, BILLDESK |
| AXIS | 3,6,9,12 | PAYU, ICICI, CCAVENUE, RAZORPAY, BILLDESK |
| SCB | 3,6,9,12,18,24 | ICICI, PAYU,BILLDESK |
| KOTAK | 3,6,9,12 | ICICI, CCAVENUE, PAYU, RAZORPAY, BILLDESK |
| HSBC | 3,6,9,12 | ICICI, CCAVENUE, PAYU, BILLDESK |
| AMEX | 3,6,9,12 | PAYU, CCAVENUE, RAZORPAY |
| INDUSIND | 3,6,9,12,18,24 | PAYU, CCAVENUE, RAZORPAY |
| RBL | 3,6,9,12,18,24 | RAZORPAY, PAYU,BILLDESK |
| YES | 3,6,9,12,18,24 | PAYU, BILLDESK |
| ICICIDC | 3,6,9,12 | PAYU |
| AXISDC | 3,6,9,12 | PAYU |
| HDFCDC | 3,6,9,12,18 | PAYU |
| BOB | 3,6,9,12,18 | PAYU,RAZORPAY |
| BAJAJFINSERV | 3,6,9,12 | PAYU |
Note:
Please make sure that the respective EMI bank and tenure are enabled for your account at the gateway end, else the transaction might fail.
Please find the eligibility amount range for some of the EMI options as provided by PayU
| EMI Option | Amount Range |
|---|---|
| HDFC Debit Card EMI | 5,00,000>=Txn amount>=5,000 |
| Bajaj Finserv EMI | Transaction amount>=4,499 |
| Zest Money EMI | 3,00,000>=Transaction amount>=1,000 |
| Axis Debit Card EMI | 1,00,000>=Transaction amount>=5,000 |