Amazon, Flipkart offer interest free Rs 60,000 loan upcoming festive season

Upcoming Big Festive Season

Amazon Great Indian Festival

Flipkart Big Billion Days

With the upcoming festive season in India, additional and additional folks are square measure gearing up to buy on-line to avail discounts, EMI plans and alternative offers.

These festive seasons, if money crunch is keeping you aloof from that new Smartphone or huge LED TV, don’t fret. India largest online retailers, Amazon and Flipkart, have extended a number of finance choices, as well as associate degree interest-free credit access of up to Rs 60,000, which folks can avail of to buy on these platforms.

While E-tailers would earlier supply big discounts and deals to coax customers to buy on-line this upcoming season, with the year biggest sales of these E-commerce firm Amazon Great Indian Festival and Flipkart Big Billion Days round the corner, the carrot is credit.

Innovative payment solutions square measure among the foremost necessary initiatives to bring ensuring a hundred million customers on-line, said Manish Tiwary, VP of category management, at Amazon India.

Consumers will use Flipkart and Amazon mobile apps to access the credit quantity. Once signing up, they will see how much credit has been approved for them once getting into their PAN and Aadhaar numbers. The amount that’s approved instantly can rely upon the consumer’s shopping pattern and payment history on these platforms.

Other than the card-less credit line, E-tailers have thrown in Debit Card equated monthly installments (EMIs), no-cost EMIs and repurchase guarantees this year to assist additional folks create high value purchases on their platforms.

Remember, Cyber security company Norton has warned internet buyers of enhanced 'formjacking' attacks throughout Diwali season.