Ecommerce giant Flipkart partners with Axis Bank to offer personal loan to its customers

Ecommerce giant Flipkart has partnered with Indian private sector bank Axis Bank to offer personal loans to its customers.

According to the company, the newly introduced personal loan service offers competitive loan options, granting access to loan amounts as high as Rs 5 lakhs.

Flipkart said has made significant commitments to offer a wide range of credit options and comprehensive financial solutions. These include services such as Pay Later, Product Financing, Seller Financing, Credit Cards, and an expansion into Personal Loans.

Dheeraj Aneja, Senior Vice President - Fintech and Payments Group at Flipkart, said, "Through strategic collaborations with leading banking institutions, we have successfully empowered our customers with a wide array of affordable payment options, including Buy Now Pay Later (BNPL), Equated Monthly Installments (EMI), and Co-branded Credit Cards. We are delighted to now introduce a Personal Loan service in partnership with Axis Bank. Our focus is to enable credit and enhance purchasing power by granting access to liquidity precisely when needed. These financial solutions cater to the evolving demands of consumers, offering greater flexibility and convenience throughout their purchasing journeys." 

Sameer Shetty, President & Head – Digital Business & Transformation, Axis Bank, said, "Axis Bank is a full suite financial solutions provider and we continue to build on innovation led partnership models with a commitment to drive access to formal credit in India with offerings that will benefit the customer the most. In this endeavour, we are pleased to partner with Flipkart, to provide unparalleled lending solutions to a wider spectrum of customers offering customised solutions that cater to the specific needs of users.”

Also Read:

• Rooter partners with Jio to bring live game streaming and esports action on TV