Available in🇮🇳 India🇲🇾 Malaysia
Instalments provide an option for your customers to make a payment in easy, equal monthly instalments at applicable interest rates from a list of banks and partners. This payment option encourages your customers to make big-value purchases without worrying about paying the full amount upfront. Customers pay the principal amount in monthly instalments.
With Razorpay Curlec, you can let your customers pay for their purchases through credit card instalments. These plans are known locally as an EPP, or Easy Payment Plan. The card is authorised as an ordinary sale in Malaysian ringgit and you are paid the full amount — your customer repays their card issuer monthly.
Instalment Types
Instalment Providers
CIMB and Maybank plans need a signed contract with the bank and your own terminal with that bank. Contact your account manager to start that process.
Payment Flow on Standard Checkout
On your website or app, customers select the products and proceed to Checkout.On the Checkout page, the customers:
On the Checkout page, the customers:
- Enter the Phone Number and Email address. Click Continue.
- Select Cards as the payment method.
- Enter the required card details. If the card is eligible you will see the Instalment options, click See all plans. If the card is not eligible, customers can pay the full amount.
- Select an instalment plan from the available options and click Continue.
- Review the plan details. Choose if they want to Save this card securely for future payments or pay without saving the card. Click Continue.