Flipkart, in partnership with Axis Bank, has launched a new personal loan service that offers competitive loan options to customers.
With the ability to borrow amounts as high as ₹5 lakhs, customers now have increased purchasing power at their disposal.
The service also provides flexible repayment cycles, ranging from 6 to 36 months, ensuring affordability for borrowers.
Empowering Customers with Comprehensive Financial Solutions
This initiative is part of Flipkart’s commitment to providing a range of credit options and comprehensive financial solutions to its customers.
In addition to personal loans, Flipkart offers Pay Later, Product Financing, Seller Financing, Credit Cards, and more.
Dheeraj Aneja, Senior Vice President of the Fintech and Payments Group at Flipkart,
expressed enthusiasm about the partnership and the ability to empower customers with affordable payment options.
Enhanced Convenience and Faster Approvals
Sameer Shetty, President & Head of Digital Business & Transformation at Axis Bank, highlighted the bank’s commitment to providing formal credit access in India through innovative partnerships.
Shetty expressed pleasure in collaborating with Flipkart to offer customized lending solutions that cater to the specific needs of a wide range of customers.
The collaboration aims to bring forth a new era of convenience and accessibility for customers.
Streamlined Application Process and Loan Approval
Customers can expect a quick and hassle-free loan approval process, with a turnaround time of just 30 seconds.
To apply for a loan, customers only need to provide basic details such as PAN (Permanent Account Number), date of birth, and work details.
Axis Bank will promptly approve their loan limit based on this information.
Customers can then select their desired loan amount and repayment method based on their monthly repayment capability.
Flipkart will provide a comprehensive loan summary, repayment details, and terms and conditions for review before finalizing the loan application.
By introducing this personal loan service in collaboration with Axis Bank, Flipkart aims to offer enhanced convenience and financial flexibility to its customers.
This strategic partnership reflects Flipkart’s dedication to meeting the evolving demands of consumers and ensuring a seamless purchasing journey for all.
