HIGHLIGHTS
No cost EMI choice will make excessive–quit purchases low-priced.
No price EMI involves zero processing price.
the option includes 0 down fee and 0 hobby for customers.
E-trade primary Flipkart on Tuesday introduced its No fee EMI option. the net market says this couldmake online shopping extra low cost for high–stop purchases because of no extra fee on EMIs, or equated monthly instalments. The No cost EMI entails zero processing charge, zero down payment, andzero interest for clients.
With the introduction of No fee EMI alternative, Flipkart ambitions to allow more human beings to get get admission to to products they aspire for. The organisation has partnered with Bajaj Finserv and keymanufacturers to create this imparting that’s available for choose merchandise and dealers for now. Theoffering comes with mortgage tenures beginning 3 months as much as 365 days.
“much less than 1 percentage of Indians have get entry to to credit playing cards, and the conventionalbanking industry has been gradual in addressing the want for small personal loans. this is step one in the direction of making buying absolutely low-cost for masses on-line and types have shown fantasticenthusiasm to collaborate with us. This has the ability to disrupt online buying much like we did with cashon shipping a few years ago,” stated Mayank Jain, Senior Director and Head of virtual & client financialofferings, Flipkart, in a announcement.
Written with inputs from IANS
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Tags: Apps, Flipkart, internet, No price ‘EMI
