Flipkart, Axis Bank tie-up to offer upto Rs 5 lakh in lending to customers

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.

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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.