![Flipkart, Axis Bank tie-up to offer upto Rs 5 lakh in lending to customers](https://www.gkseries.com/blog/wp-content/uploads/2023/07/Flipkart-Axis-Bank-tie-up-to-offer-upto-Rs-5-lakh-in-lending-to-customers.jpg)
Flipkart, Axis Bank tie-up to offer upto Rs 5 lakh in lending to customers: Flipkart has joined hands with Axis Bank to offer loans for up to Rs 5 lakh to customers.
The lending service is accessible through Flipkart’s app and boasts a 30-second approval time while removing the need for document submission.
Daily Current Affairs Quiz: July 2023
By introducing personal loans, Flipkart is expanding its range of financial services, which already includes a ‘buy now, pay later’ option, EMI payments, and a co-branded credit card.
It will empower consumers to make big-ticket purchases.