When a school asks for Rs 80,000 at once, many families struggle — not affordability but lump sum size. Card EMI solves this: parents spread across 3-12 months while school receives full amount immediately.
How Card EMI Works
Parent pays Rs 80,000 with 6-month EMI. Razorpay settles full Rs 80,000 to your account within T+2 days. Parent card bill shows 6 installments.
No-Cost EMI
School absorbs 2-4% interest cost. For Rs 80,000 that is Rs 1,600-3,200 — much less than chasing monthly payments. Schools with no-cost EMI see 40-50% higher annual plan adoption.
Razorpay Setup
Settings > Payment Methods > EMI. Enable for SBI, HDFC, ICICI, Axis. Set minimum transaction. Choose standard or no-cost.
Which Components
Offer EMI only on annual or semi-annual payments above Rs 10,000. Monthly fees do not justify overhead.
Parent Communication
Show monthly EMI amount: Annual Rs 72,000 becomes easy EMIs of Rs 12,000/month. Parents think monthly.
Cash Flow Impact
200 students on annual EMI = Rs 1.44 crore upfront versus the same spread over the year with default risk.
Tracking
Track parents offered EMI, opt-in rate, average tenure, subvention cost, and adoption rate before vs after.
Debit Card EMI
Some banks offer debit card EMI above Rs 5,000. Extends EMI to parents without credit cards. Growing 30% year-over-year.