Flipkart Loan
Flipkart offers instant personal loans up to ₹10 Lakhs through its lending partner, Axis Bank Ltd. Flipkart loans come at a competitive interest rate starting from 13.90% p.a. It can be used to fund any expenses, including marriage, education, home renovation, travel, medical needs, day-to-day expenses, etc. The amount is directly transferred into your savings account upon approval. You can repay the loan in a flexible tenure ranging from 6 to 60 months.
Flipkart Personal Loan Details
Below are the key details of the Flipkart personal loan:
| Loan Amount | ₹50,000 - ₹10 Lakhs |
| Tenure | 6 - 60 months |
| Interest Rates | Starts from 13.90% p.a. |
| Income | Minimum ₹20,000 per month |
| Disbursal TAT | Within 12 hours post successful Video KYC |
Features & Benefits of Flipkart Loan
- The instant personal loan is directly transferred into your savings account.
- The loan can be used to fund any expense, including education, marriage, travel, home renovations, medical needs, and day-to-day expenses.
- You can get a personal loan ranging from ₹50,000 to ₹10,00,000, based on your requirement, eligibility, income, repayment capacity, and existing relationship with the lender.
- After successful Video KYC, the approved loan amount will be disbursed to your bank account within 12 hours.
- You do not have to provide any security/ collateral to avail the loan.
- Flipkart personal loan interest rates are very competitive and start from 13.90% p.a. The rates are determined based on the individual customer's profile.
- The repayment tenure of the loan can range from 6-36 months for non-Axis Bank customers and 12-60 months for existing Axis Bank customers.
Flipkart Personal Loan Interest Rates & Charges
- Interest rate: Starts from 13.90% per annum.
- Processing fee: Up to 2% of the loan amount + applicable GST.
- Prepayment/ foreclosure charges: Up to 3% of the outstanding principal (usually applicable if you close the loan before the end of your tenure).
Compare Flipkart Loan App with Other Loan Apps
Below is the comparison table for the Flipkart loan app with other personal loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Flipkart Loan | 13.90% p.a. onwards | ₹50,000 - ₹10 Lakhs | 6 to 60 months |
| i2iFunding | 12.00% - 36.00% p.a | Up to ₹10 Lakhs | 3 to 36 months |
| LoanFront | 15.95% - 35.95% p.a. | ₹10,000 - ₹2 Lakhs | 3 to 24 Months |
| Xpress Loan | 9.90% p.a. onwards | ₹5,000 - ₹1 Lakh | Up to 36 months |
| LoanPey | 2% - 2.72% per month | ₹5,000 - ₹1 Lakh | 3 to 12 Months |
| Creditt+ | 0.3% - 0.6% per day | ₹8,000 - ₹35,000 | Up to 3 Months |
| Click My Loan | 12.00% - 28.5% p.a. | ₹6,000 - ₹10 Lakh | 6 to 60 Months |
| TrustPaisa | 18.25% p.a. onwards | ₹2,500 to ₹45,000 | 3 to 6 Months |
| RING | 3.8% p.m. onwards | ₹5,000 - ₹5 Lakh | 3 to 36 Months |
| Upwards | 16.00% – 36.00% p.a. | ₹25,000 – ₹5 Lakh | 6 to 36 Months |
Flipkart Personal Loan Eligibility Criteria
Your Flipkart personal loan eligibility depends on the banking partner, fixed income, age, nature of employment, CIBIL score, professional experience, and various other factors.
- Occupation: Salaried individuals.
- Nationality: Borrower should be an Indian national.
- Age: Minimum 21 years at the time of loan application and maximum 55 years at the time of loan maturity.
- Minimum monthly income: At least ₹20,000.
Documents Required for Flipkart Loan
Flipkart personal loan application is a 100% digital and paperless process. You generally need your:
- PAN Card for KYC
- Aadhaar Card for KYC
- Banking details (like account number, net banking/ debit card details) for auto-repayment set-up
Steps to Apply for Flipkart Loan Online
Flipkart loan involves a fully digital application journey to apply for a personal loan.
- You just have to enter your PAN and date of birth details.
- Keep your account details (like account number, net banking/ debit card details) handy to set up auto repayment.
- Set up KYC with Aadhaar number and PAN card.
- If your loan request is approved, the amount will be credited to your bank account within 12 hours after successful completion of Video KYC.
Flipkart Loan Customer Care Details
You can reach the Flipkart Loan Customer Care team through the following channels:
- Call Axis Bank at: 1860-419-5555/ 1860-500-5555 (Local charges applicable)
OR click https://www.axisbank.com/contact-us - Write at: https://www.axisbank.com/support
- You can reach out to Flipkart on the “Help Centre” under the “My Accounts” section on the Flipkart App.
FAQs
Flipkart offers personal loans through Axis Bank Ltd, its lending partner on the Flipkart platform.
- Enter your PAN and date of birth details.
- Keep your account details handy to set up auto repayment.
- Set up KYC with Aadhaar number and PAN card.
- If your loan request is approved, the amount will be credited to your bank account within 12 hours after successful completion of Video KYC.
Yes, Flipkart offers personal loans through a reputed lending partner, Axis Bank Ltd. The Flipkart personal loan is approved instantly and can be used for any personal need.
The maximum loan amount available on Flipkart is up to ₹10 Lakhs.
The interest rate on a Flipkart Loan starts from 13.90% p.a.
Axis Bank Ltd is the lending partner for Flipkart personal loans.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.