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Loans Worth ₹3 cr can now be Obtained by Flipkart Sellers
June 22, 2019
India’s top e-commerce portal Flipkart said that Growth Capital which is its flagship seller financing program will allow its sellers to take loans up to ₹3 crores from 10 partner Non-Banking Financing Companies (NBFCs) within 48 hours. An interest rate of 9.5% will be levied on these loans, it said.
Flipkart said that the financing program looks to promote financial inclusion so that more MSMEs that trade online can grow their business. The finance partners for the program include Tata Capital, Axis Bank, Aditya Birla Finance, State Bank of India, and others.
Photo credit: Got Credit on Visual Hunt / CC BY
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