Walmart-owned e-commerce company Flipkart will provide loans to customers through 17 banks, non-banking financial companies and fintech sector companies during the festive season.
In a statement issued on Wednesday by the company, it said that it is strengthening its fintech structure, which will enable the customers across the country to easily get loan option during the festive season.
The statement said that through these tieups, Flipkart aims to target people from different regions and PIN codes who are new in terms of loans. During the festive season, these people will have the option to choose from more than 25 crore products on the Flipkart marketplace.
Flipkart said, “As part of its commitment to provide online shopping facility to every Indian at a low cost, it will provide them cheap loan facility through 17 major banks, NBFCs and fintech companies. Its platform will ensure easy access to loans of over 7 crore customers.
Flipkart said that it has tied up with State Bank of India (SBI) and SBI Card. Under this, instant 10 percent discount will be available to their debit and credit card holders. Apart from this, EMI card holders of Bajaj Finserv will not incur any cost on EMI.
Flipkart said that it is also starting a gift card store, which will cater to the needs of customers under 60 brands like Kalyan Jewelers, Croma, Fab India and KFC.
Flipkart’s ‘Big Billion Days’ Sale from 16 to 21 October
It is worth noting that ‘Big Billion Days’ festive sale of Flipkart will be on October 16 to 21. For Flipkart’s Cell Plus Members will start from October 15.
Amazon’s Great Indian Festival Sale will begin on October 17
Please tell that Amazon has also announced the Great Indian Festival sale. Amazon’s Great India Festival Sale will begin a day after Flipkart’s Big Billion Days Sale. However, users with Amazon Prime Membership will be able to take advantage of this sale from October 16.