Flipkart with Axis Bank Launches Personal Loans

Current Context: Flipkart, an Indian e-commerce platform, has formed a strategic partnership with Axis Bank, one of the largest private sector banks in the country.

• The aim of this collaboration is to offer personal loans to Flipkart’s 450 million customers, providing them with added convenience and benefits.
• The personal loan service introduced by Flipkart and Axis Bank offers competitive loan options, allowing customers to borrow amounts as high as 5 lakhs. It also provides flexible repayment cycles ranging from 6 to 36 months.
• This initiative enables Flipkart customers to access increased purchasing power and improved affordability.
• It is part of Flipkart’s broader commitment to offer a range of credit options and comprehensive financial solutions, including Pay Later, Product Financing, Seller Financing, Credit Cards, and now Personal Loans.

Question:

Q.1 Which e-commerce platform has partnered with Axis Bank to offer personal loans to its customers?
a. Amazon
b. Flipkart
c. Snapdeal
d. Myntra