Flipkart Personal Loan

A financial product offered by Flipkart in partnership with various banks, NBFCs, PSUs and RBI approved lenders is known as Flipkart Personal Loan. Flipkart, an e-commerce platform has now extended its commitment to customer convenience beyond just products and services. With Flipkart personal loans, manage your finances and simplify your purchasing needs with quick approvals.

Flipkart personal loan offers a seamless borrowing experience, providing you with quick access to funds for various purposes. Whether it's upgrading your gadgets, funding education, managing medical expenses, or planning a vacation. With just a few clicks, you can apply for a loan, upon swift loan approval, you can plan your repayments and opt for EMIs.

Flipkart Personal Loan Interest Rate and Charges

Flipkart Personal Loan provides individuals with access to funds at competitive interest rates starting from 10.49% per annum. These rates are determined based on various factors including the borrower's creditworthiness, the loan amount, tenure, income, and overall financial stability. The Flipkart Axis Bank personal loan also has reasonable and transparent chargers.

The Flipkart personal loan interest rates and charges are:

Flipkart Personal Loan Eligibility

The important criteria that significantly influence your eligibility for the loan are crucial to consider. These factors play an important role in determining whether you qualify for the loan or not. These are:

Flipkart Personal Loan Documents

Flipkart aims to keep the documentation process minimal and hassle-free, ensuring a smooth and convenient loan application experience for borrowers. The documents required for Flipkart personal loan are:

• PAN Card
• Aadhaar Card
• Bank Account

Flipkart Personal Loan EMI Calculator

To determine your monthly repayment amount, you can use an online EMI calculator. These calculators are user-friendly tools that require you to input the loan amount, interest rate, and loan term. Once you provide this information, the calculator will compute your Equated Monthly Instalment (EMI), giving you a clear estimate of how much you need to pay each month towards your personal loan. This helps you plan your finances more effectively and ensures you stay within your budget.

You can also calculate your EMI manually using the formula

EMI = P x R (1 + R)^n(1+R)^n - 1

Where,
P is the principal amount
R is the rate of interest
n is the tenure

Lets calculate the EMI amount for your better understanding, let's take P to be ₹1,00,000, R to be 12% and n to be 2 years.

Entering the information in the formula:

EMI = ₹100000 x 0.01 (1 + 0.01)^24/(1+0.01)^24-1

EMI = ₹100000 x 0.01 (1 .01)^24/[(1.01)24 - 1 ]

After calculating, the EMI = ₹4,982.46

With the above calculation, the EMI for a 1 lakh loan for 2 years at an interest rate of 12% p.a. Will approximately be ₹4,982.46.

Features & Benefits of Flipkart Personal Loan

Flipkart personal loans come with a range of features and benefits designed to meet various financial needs. Making it a convenient and attractive financing option for individuals looking to fulfil their diverse financial requirements.

These features and benefits offered by Flipkart personal loans are:

Significant Loan
Amount

Get loan amount of
₹50,000 up to 10 Lakhs.

Competitive Interest
Rate

Enjoy interest rates
ranging from 10.49% -
36.0% p.a.

Collateral-Free

Flipkart Axis Bank
personal loans do not
require collateral.

Quick Processing

Get your loan within
12 hours with minimal
documents

No Income Proof

You can borrow
funds with no income
proof required.

Flexible Repayment
Term

Repay your loan
effectively with a tenure of
6 to 60 months.

Steps to Apply for Flipkart Personal Loan

Easily apply for a personal loan from Flipkart by following the steps below:

• Step 1: Download and install the Flipkart application.
• Step 2: Click on the ‘Account Section’ and then on the ‘Personal Loan’ option.
• Step 3: Enter your PAN number, name, date of birth, employment type, gender, pincode and email.
• Step 4: You will then be provided with loan offers that you're eligible for.

Flipkart Personal Loan Contact Number

For any queries or complaints regarding your Flipkart Axis Bank personal loan, there is dedicated customer support to address your concerns and help you with the application process. You can contact the FAPL grievance redressal through the following ways:

Contact number: 044-45614700

Call centre numbers: 1860-419-5555, 1860-500-5555

Email address: grievances@flipkartadvanz.com or email.services@axisbank.com

For further help, you can also contact the nodal officers and the Principal nodal officer to escalate the issue, in case you are not satisfied with the solution provided to you.
You can also contact Axis Bank at 1860-419-5555 / 1860-500-5555.