Bat-bat of customers! Up to 5 lakh personal loan will be available from Flipkart in 30 seconds, know what is the method

matnewsJuly 7, 2023

Flipkart-Axis Bank Partnership: With the partnership of Flipkart-Axis Bank Card, customers will be offered a personal loan of up to 5 lakhs.

Flipkart-Axis Bank Personal Loan up to Rs 5 lakh: Flipkart has announced a new offer to give loans to its customers. Now Flipkart customers will be able to take personal loan from Axis Bank. The e-commerce website has partnered with Axis Bank to provide easy access to personal loans to its customers.

Flipkart and Axis Bank issued a joint statement on Friday (July 7). According to this statement, ‘highly competitive’ loan options will be offered under the loan option in the new personal loan service.

Customers will be able to avail loans up to a maximum of Rs 5 lakh. Customers will be able to repay this loan over a period of 6 to 36 months. In this statement, it was said that the personal loan facility will increase the purchasing power of the customers and it will be easier to buy and access the goods.

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According to the statement, the loan approval process of the customers can be completed in just 30 seconds. To start their loan application, customers need to provide some basic details like PAN (Permanent Account Number), date of birth and work details. After giving these details, Axis Bank will approve the loan limit of the customers. After this, the customer can choose the loan amount and repayment method as per his requirement.

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Flipkart will present the loan summary, repayment details and terms and conditions for the customers to review prior to filing their loan application.

Commenting on the new service, Dheeraj Aneja, Senior Vice President, Fintech & Payments Group, Flipkart said, “Through our strategic partnership with leading banking institutions, we have empowered our customers with a choice of affordable payment options. This includes Buy Now Pay Later (BNPL), EMI and co-branded credit cards. We are now delighted to launch the Personal Loan service in partnership with Axis Bank. Our focus is to enable credit and access purchasing power by increasing liquidity when needed.