Flipkart partners Axis Bank for personal loans to shoppers

Mumbai: Walmart-owned Flipkart has partnered with Axis Bank to offer personal loans to its 450 million e-commerce customers. The personal loan service allows customers to avail instant, end-to-end digital loans of up to Rs 5 lakhs, with loan approval taking only 30 seconds. The repayment cycle for these loans ranges from 6 to 36 months, offering customers flexibility.

In addition to personal loans, Flipkart and Axis Bank have collaborated on various digital-first solutions, such as Buy Now Pay Later (BNPL), Equated Monthly Installments (EMI), and Co-branded Credit Cards, to empower customers with affordable payment options. For Flipkart, the introduction of personal loans further enhances customers’ purchasing power, accessibility, and affordability.