NEW DELHI: E-commerce major Flipkart on Tuesday introduced "No Cost EMI" option to
make online shopping affordable for high-end purchases through an
attractive financing option of Equated Monthly Installments (EMI) where
customers will not bear additional cost.
Flipkart's "No Cost EMI" entails zero processing fee, zero down payment and zero interest for customers.
is the first step towards making shopping truly affordable for masses
online and brands have shown great enthusiasm to collaborate with us.
This has the potential to disrupt online shopping just like we did with
Cash on Delivery a few years ago," said Mayank Jain, head of digital and
consumer financial services, Flipkart, in a statement.
With the introduction of "No Cost EMI" option, Flipkart aims to enable more people to get access to products they aspire for.
company has partnered with Bajaj Finserv and key brands to create this
offering which is available for select products and sellers for now. The
offering comes with loan tenures starting 3 months up to 12 months.