HIGHLIGHTS
No fee EMI alternative will make high–cease purchases cheap.
No price EMI involves zero processing fee.
the choice includes zero down fee and zero hobby for customers.
E-trade main Flipkart on Tuesday brought its No fee EMI alternative. the web market says this may makeon line buying extra cheap for high–end purchases due to no additional value on EMIs, or equatedmonth-to-month instalments. The No fee EMI includes 0 processing fee, zero down charge, and zerointerest for customers.
With the creation of No fee EMI choice, Flipkart goals to permit extra human beings to get get entry toto products they aspire for. The employer has partnered with Bajaj Finserv and key manufacturers to create this supplying that’s available for pick products and dealers for now. The providing comes with loantenures starting 3 months as much as one year.
“less than 1 percentage of Indians have get admission to to credit score cards, and the conventionalbanking enterprise has been slow in addressing the need for small private loans. this is step one towardmaking buying honestly cheap for loads online and brands have proven top notch enthusiasm to collaborate with us. This has the potential to disrupt on-line purchasing just like we did with cash ontransport some years in the past,” said Mayank Jain, Senior Director and Head of digital & client financialservices, Flipkart, in a declaration.
Written with inputs from IANS
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Tags: Apps, Flipkart, net, No fee ‘EMI
