Dewali Season just around the corner, Online shopping sites coming up with different plans and huge discounts. Now One of the leading Online shopping website Flipkart has launched cardless credit scheme for buyers that will give customers access to a moment credit line of up to Rs 60,000 to purchase items on the internet e-commerce platform.
Flipkart and Amazon are wagering enthusiastic about, to pull in more costumers. After Amazon propelled ‘Amazon Pay EMI’, Flipkart has gone with the same pattern with another payment option called Cardless Credit’. As per an announcement from the leading organization, this will enable Flipkart clients to get a instant credit line of upto Rs 60,000 to make their shopping experience affordable with this newly launched programme, while having the capacity to purchase all the more amid Flipkart’s Big Billion Days.The organization stated that their main agenda is simply access to credit card in real time, to simplify more in digital assessment and applications process. The credit can be used by customers to purchase items and products on Flipkart.
Cardless Credit appears as we comprehend that near 45 million clients on Flipkart don’t approach credit, not that they are not entitled to. Cardless Credit will have potential clients including the developing middle class active mobile borrowers who don’t approach Mastercards or credit limits. We will use the comprehension of these clients’ shopping practices and offer credit guaranteeing in a basic and straightforward route, to make their shopping experience affordable,” Ravi Garikipati, Senior VP and head of Fintech Flipkart said in an announcement.
How Cardless Credit Works ??
Buyers need to sign up for the credit line on flipkart which is very simple application process and can get instant access to credit line which is upto Rs.60,000 based on scores given by flipkart. Once buyer eligible, after check out, flipkart implemented two options to their customers one is either you can choose “Pay Later Next Month” or EMI’s of 3-12 Months. This credit line is eligible to use any product on flipkart and users can pay it back by 15th of next month.