MakeMyTrip ties up with Capital Float to offer zero interest loans

In an industry-first initiative, online travel portal MakeMyTrip (MMT) has tied up with digital lending platform Capital Float for providing travel finance for customers, which will let them avail of credit facility of up to Rs 2 lakh to book flights, hotels, holidays or international travel.

Customers will be able to pay back in monthly instalments of up to nine months at zero interest and with zero down payment.

Initially an invite-only programme, it will be rolled out for 10 million eligible customers in the first phase. MMT had 37 million transacted customers until the beginning of February, across all its platforms, including Goibibo and redBus.in.