EMI (Equated Monthly Instalments)

EMI (Equated Monthly Instalments) offer the shopper the option to pay for eligible products over a set period of time. You, the merchant, are paid in full by the shopper's chosen bank. The shopper then pays their bank as per their agreed tenure. For more details of this process see EMI process, below.

You can choose not to display EMI as a payment option.

Note:  The following information is subject to change, without notice, by BillDesk and the listed banks.

EMI banks

BillDesk offers EMI as a payment method for the following banks:

ICICI Bank HDFC Bank Citibank
SBI Card Standard Chartered Bank Kotak Mahindra Bank
Axis Bank HSBC Bank American Express
RBL Bank Yes Bank IndusInd Bank

During the checkout process, purchases eligible for EMI will automatically display EMI options to your shopper.

EMI tenure (term) options range from 3 to 24 months

EMI process

Once your shopper chooses EMI to make payment they will be presented with a list of available banks, the banks tenure term and minimum order value.

Note:  The below information is subject to change, without notice, by BillDesk and the listed banks.

Interest rates, tenure examples and minimum amounts for each bank can be seen below:

Prohibited categories

In addition to the prohibited categories list, EMI will not be offered through BillDesk for the following business types:

  1. Jewellers and Jewellery repair

  2. Non-financial institutions handling the following financial services:

  3. Gambling and Betting stores

  4. Petroleum and solid fuel (wood, coal etc.) sales, including from service stations, automated fuel dispensers and solid fuel dealers

  5. Dating services


BillDesk advise against refunding EMI agreements. The refund, either partial or in full, would mean the shopper has paid back the agreement with their chosen lending bank, however this means the shopper will also be charged an early settlement fee by their lending bank. Early settlement fees are applied per bank and can change at any time, without notice. These fees are not made available to BillDesk by the bank.

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