Key Points:
- Flipkart is gearing up to boost its sales.
- The shopping website starts offering loans.
- Flipkart has collaborated with Axis Bank.
The very popular shopping platform Flipkart in India is gearing up to boost its sales with a new strategic move. The shopping platform starts offering loans in the country and this will help users to find a solution for finance and to purchase their dream products.
Flipkart has entered a strategic partnership with the very popular Bank of the country dubbed Axis Bank and the partnership will be offering personal loans to customers. The newly added service will be offering highly competitive loan options, granting access to amounts as high as Rs 5 lakh. The platform will enable users to repay with flexible cycles ranging from six–36 months.
It is also said that customers can expect approval in a mere 30 seconds which is pretty impressive. To start the procedure to apply for a new loan, you need to provide basic information including PAN (Permanent Account Number), date of birth, and work details.
Once these details are provided, Axis Bank will approve the limit of your loan and you guys can select your preferred loan amount and repayment method. The shopping website will be offering a comprehensive loan summary, repayment details, and terms and conditions for review before finalizing the loan application.
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