Flipkart Personal Loan: Flipkart is India’s largest ecommerce company. It has teamed up with Axis Bank, a private bank, to provide its customers with easy access to personal loans. Flipkart and Axis Bank also had a partnership earlier in which they worked together to offer better credit card offers to customers. Now, this partnership becomes even stronger, due to which Flipkart will now provide loans to its more than 45 crore customers.
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Flipkart Personal Loan is a great opportunity to help you meet your needs. Be it wedding expenses, home renovation, or purchasing any essential item, this loan provides you with instant financial assistance. The process is extremely simple and fast, allowing you to apply online without any hassle. Flipkart’s reliability and easily available loan options make it ideal for every Indian. If you are in need of money, Flipkart Personal Loan can be the perfect solution for you.
Flipkart gives you a loan of up to 5 lakhs, which you have to repay within the next 6 to 36 months. A personal loan facility is being made available by Flipkart and Axis Bank.
People of India are now shopping at home. Because the lifestyle of those people is changing now, and because of that, Flipkart and Axis Bank keep coming up with digital solutions to make the lifestyle of the customers easier. It is no longer the case that consumers used to spend according to their income. Through personal loan facility to people, the purchasing power of the customers will increase, because now the customers do not need their own money, due to which they will shop easily and at low prices. Flipkart has introduced a range of options like credit offers and financial offers. These include credit cards, pay letters, product financing and seller financing and personal loans.
Procedure for availing loan
Customers have to go through a simple loan application process to avail this service.
- PAN and Personal Information: Customer can provide his PAN card, date of birth and employment details while applying for the loan.
- Loan Limit: Based on these details, Axis Bank approves the loan limit.
- Loan Selection: Customer can select the loan amount and repayment method keeping in mind their repayment capacity.
- Loan Summary: Before finalizing the loan application, Flipkart presents a complete loan summary, repayment details and terms.
Flipkart personal loan details
Flipkart customers can increase their purchasing power by using these new loan services. This loan service is very useful especially for those customers, who need financial support at the time of need.
Through strategic alliances with banking institutions, Flipkart has brought many options to its customers like ‘Buy Now Pay Later’ (BNPL), ‘Equated Monthly Installments’ (EMI) and third party credit cards. The partnership between Flipkart and Axis Bank aims to increase the purchasing power of customers by providing them with the money they need by providing personal loan services.
Flipkart Personal Loan Interest Rate & Charges
- Interest rate – 10.49% to 36% per annum
- Charges – Upto 3% of loan Amount + GST
- Late Payment Fee – 20% of loan amount
Flipkart Personal Loan – Documents
- Aadhaar card
- PAN card
- Selfie picture
- Bank account
Flipkart Personal Loan Benefits
- End-to-end digital process: Since the loan application process is online and digital, you can apply from anywhere.
- Flexible Loan Amount: You can enter the amount as per your requirement and avail the loan. Gets up to a maximum of ₹5 lakh.
- Flexible Repayment Term: You can repay the loan in maximum 36 months. Or you can fill it during the period as per you.
- Fast Loan Approval: This loan is available to you within 30 seconds of calculation.
Flipkart Personal Loan – Eligibility Criteria
- Linking Mobile Number with Aadhaar Card: Applicant’s mobile number must be linked with Aadhaar Card.
- Residential Status: The person applying for the loan must be an Indian resident.
- Credit Score: Applicant must have a good credit score of 720 or higher.
- Age: The age of the loan applicant should be between 21 to 55 years.
- Old Customer of Flipkart: Applicant must be an old customer of Flipkart.
How to Apply for Flipkart Personal Loan?
- Login to Flipkart App or Website.
- Enter your PAN card, date of birth and employment details.
- Get loan limit approved in 30 seconds.
- Select your loan amount and repayment term.
- Review and finalize loan summary and terms.
Conclusion
Flipkart works as an ecommerce company as well as providing personal loan services, providing an easy way for their customers to get loans quickly. You don’t need any lengthy process or income proof to apply for this loan. Due to which, Flipkart Personal Loan becomes an easy and quick solution.
