HIGHLIGHTS
No price EMI choice will make high–give up purchases cheap.
No cost EMI involves zero processing fee.
the choice entails 0 down charge and zero hobby for customers.
E-commerce principal Flipkart on Tuesday added its No price EMI option. the online market says this may make on-line purchasing more lower priced for high–stop purchases due to no extra price on EMIs, or equated monthly instalments. The No price EMI includes 0 processing fee, zero down charge, and 0interest for customers.
With the creation of No price EMI choice, Flipkart aims to allow greater humans to get get right of entry to to products they aspire for. The company has partnered with Bajaj Finserv and key manufacturers to create this imparting that’s to be had for choose merchandise and dealers for now. The providing comes with loan tenures beginning three months up to three hundred and sixty five days.
“less than 1 percent of Indians have get right of entry to to credit score cards, and the traditional bankingindustry has been slow in addressing the need for small non-public loans. that is step one toward makingbuying clearly low cost for hundreds on line and brands have shown excellent enthusiasm to collaborate with us. This has the potential to disrupt on line shopping similar to we did with coins onshipping a few years ago,” stated Mayank Jain, Senior Director and Head of virtual & client financialofferings, Flipkart, in a statement.
Written with inputs from IANS
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Tags: Apps, Flipkart, net, No value ‘EMI
