Flipkart is a big e-commerce company in India used by crores of Indians. Although the option of buying goods on EMI already exists on Flipkart, now the company seems to be taking a step ahead of it. Flipkart has recently formed a new partnership with Axis Bank, under which now Flipkart will easily give personal loans to its crores of customers, that too in just 30 seconds, let’s know what is the whole news.
Flipkart Will Approve Personal Loans In 30 Seconds
Flipkart has launched a new competitive Personal Loan Service in partnership with Axis Bank, under which customers will get personal loans in just 30 seconds. Under this service, Flipkart users will get a personal loan of up to Rs 5 lakh, which the customer can repay from 6 to 36 months.
Dheeraj Aneja, Senior Vice President of Fintech and Payments Group at Flipkart has revealed that Flipkart has partnered with leading banks to ease the process of lending to its customers. Flipkart already offers some affordable payment options to its customers such as Buy Now Pay Later (BNPL), Equated Monthly Installments (EMI), and Co-branded Credit Cards. But now Flipkart will also give loans up to 5 lakhs to its customers, that too within just 30 seconds.
Axis Bank’s commitment to providing formal credit access in India
The president & Head of Digital Business & Transformation of Axis Bank, Sameer Shetty mention that axis bank is going to provide formal credit access in India through innovative partnerships. Under this partnership, customers can expect a personal loan within 30 seconds. For the loan, the customers have to provide some basic details like PAN (Permanent Account Number), date of birth and job details, etc., after which Axis Bank will approve their loan limit.
