New Delhi: E-commerce major Flipkart on Tue introduced “No Cost EMI” option to make online shopping affordable for top of the line buys through an appealing financing choice of Equated Monthly Installments (EMI) where customers will not bear additional amount.
Flipkart`s “No Cost EMI” entails zero processing fee, zero down payment and zero interest for customers.
“This is the 1st step towards making shopping truly affordable for masses online and brands have shown extraordinary energy to work together with us. This has the potential to disrupt online shopping just like we did with Cash on Delivery a years ago,” said Mr. Mayank Jain, head of digital and consumer financial services, Flipkart, in a statement.
With the presentation of “No Cost EMI” alternative, Flipkart aims to enable more people to get access to products they try for.
The organization has cooperated with Bajaj Finserv and key brands to create this offering which is available for select items and merchants for the present. The offering comes with loan tenures starting 3 months up to 12 months.