Flipkart Partners With Axis Bank to Offer Digital Personal Loans

7 Jul 2023, 12:30 pm · 1163d ago · 1 min read · Indianweb2.com

Flipkart has entered into a strategic partnership with private lender Axis Bank to provide digitally enabled personal loans to its customers. The newly launched credit facility will allow eligible users on the e-commerce marketplace to secure instant, paperless personal loans of up to ₹5 lakh, with loan approval times as fast as 30 seconds. Borrowers will have access to flexible repayment tenures spanning between six and 36 months. The initiative marks Flipkart’s first banking partnership of this kind, expanding its digital financial services portfolio to enhance consumer affordability and drive higher transaction volumes on the platform.