Flipkart, India’s homegrown e-commerce marketplace, has partnered with Axis Bank, one of the largest private sector banks, to offer personal loans to its customers. The new loan service offers competitive loan options with amounts up to ₹5 lakhs and flexible repayment cycles of 6 to 36 months.
Customers can expect the approval process for their loans to be completed in a mere 30 seconds. To initiate their loan application, they must provide basic details such as PAN (Permanent Account Number), date of birth, and work details. Once these details are provided, Axis Bank will approve their loan limit. Customers can then select their preferred loan amount and repayment method, considering their comfortable monthly repayment capability. Flipkart will present a comprehensive loan summary, repayment details, and terms and conditions for review before finalising the loan application.
- The partnership between Flipkart and Axis Bank is a strategic move to address the growing demand for personal loans in India.
- The new loan service offers a number of benefits to customers, including:
- Quick and easy approval process
- Competitive interest rates
- Flexible repayment terms
- Convenient online application process
- The loan service is available to all Flipkart customers who meet the eligibility criteria.
- To apply for a loan, customers can visit the Flipkart website or app and click on the “Personal Loans” tab.
- They will then need to provide some basic information, such as their PAN number, date of birth, and employment details.
- Once their application is submitted, Axis Bank will review it and approve or decline the loan within 30 seconds.
- If the loan is approved, customers will be able to select their preferred loan amount and repayment method.
- They will then receive a comprehensive loan summary, repayment details, and terms and conditions.
- The loan amount will be disbursed directly into the customer’s bank account.
The partnership between Flipkart and Axis Bank is a significant development in the Indian e-commerce and lending sectors. The new loan service offers a number of benefits to customers and is expected to help Flipkart attract and retain more customers.
Keywords: Flipkart, Axis Bank, personal loans, India, e-commerce, lending, financial services