Flipkart, the renowned Indian online shopping platform, has joined hands with Axis Bank to introduce a new service that aims to enhance customer convenience.
Flipkart will now offer personal loans to its customers in collaboration with Axis Bank, allowing them to access loans of up to Rs 5 lakh.
The loan can be repaid over a flexible tenure ranging from 6 months to 36 months. This initiative by Flipkart aims to provide its customers with a versatile option for personal loans.
Benefits for Flipkart Customers
As customers’ lifestyles evolve, Flipkart and Axis Bank have continuously developed digital-first solutions to enhance customer service.
With the introduction of this new personal loan segment, Flipkart customers will now have increased purchasing power.
Additionally, Flipkart has made several platform improvements to provide a superior customer experience.
Statement from Flipkart
Dheeraj Aneja, Senior Vice President of Fintech and Payments Group at Flipkart, stated, “Through strategic collaborations with leading banking institutions, we have successfully empowered our customers with a wide range of affordable payment options.
We are now delighted to launch a Personal Loan service in partnership with Axis Bank. Our focus is on enabling credit for those in need and enhancing the buying power of our customers.
These financial solutions are designed to meet the growing demands of consumers.”
Statement from Axis Bank
Sameer Shetty, President & Chief – Digital Business & Transformation at Axis Bank, expressed his thoughts on the collaboration, saying, “Axis Bank is a full-suite financial solutions provider, and we continue to build an innovation-led partnership model with a commitment to enhancing reach and providing formal credit in India with offers that will benefit customers the most.
In this endeavor, we are delighted to partner with Flipkart. We aim to disburse loans to customers within just 30 seconds.”
With this collaboration, Flipkart and Axis Bank aim to offer seamless and quick personal loan services, catering to the diverse financial needs of Flipkart’s customer base.
