Flipkart Personal Loan

A financial product offered by Flipkart in partnership with various banks, NBFCs, PSUs and RBI approved lenders is known as Flipkart Personal Loan. Flipkart, an e-commerce platform has now extended its commitment to customer convenience beyond just products and services. With Flipkart personal loans, manage your finances and simplify your purchasing needs with quick approvals.

Flipkart personal loan offers a seamless borrowing experience, providing you with quick access to funds for various purposes. Whether it's upgrading your gadgets, funding education, managing medical expenses, or planning a vacation. With just a few clicks, you can apply for a loan, upon swift loan approval, you can plan your repayments and opt for EMIs.

Flipkart has joined hands with Axis Bank to offer a personal loan amount of ₹50,000 to ₹10 Lakhs at competitive interest rates of 10.49% - 36.00% p.a., flexible repayment tenures, and hassle-free application processes.

Apply for a Personal loan now!

Flipkart Personal Loan Interest Rate and Charges

Flipkart Personal Loan provides individuals with access to funds at competitive interest rates starting from 10.49% per annum. These rates are determined based on various factors including the borrower's creditworthiness, the loan amount, tenure, income, and overall financial stability. The Flipkart Axis Bank personal loan also has reasonable and transparent chargers.

The Flipkart personal loan interest rates and charges are:

Interest Rate 10.49% - 36.00% p.a.
Processing Fees Up to 3% + GST
Note: The above-mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.

Flipkart Personal Loan Eligibility

The important criteria that significantly influence your eligibility for the loan are crucial to consider. These factors play an important role in determining whether you qualify for the loan or not. These are:

Nationality Indian
Age 21 - 55 years
Minimum monthly income ₹ 20,000

Flipkart Personal Loan Documents

Flipkart aims to keep the documentation process minimal and hassle-free, ensuring a smooth and convenient loan application experience for borrowers. The documents required for Flipkart personal loan are:

  • PAN Card
  • Aadhaar Card
  • Bank Account

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Flipkart Personal Loan EMI Calculator

To determine your monthly repayment amount, you can use an online EMI calculator. These calculators are user-friendly tools that require you to input the loan amount, interest rate, and loan term. Once you provide this information, the calculator will compute your Equated Monthly Instalment (EMI), giving you a clear estimate of how much you need to pay each month towards your personal loan. This helps you plan your finances more effectively and ensures you stay within your budget.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

You can also calculate your EMI manually using the formula

EMI = P x R (1 + R)^n(1+R)^n - 1

P is the principal amount
R is the rate of interest
n is the tenure

Lets calculate the EMI amount for your better understanding, let's take P to be ₹1,00,000, R to be 12% and n to be 2 years.

Entering the information in the formula:

EMI = ₹100000 x 0.01 (1 + 0.01)^24/(1+0.01)^24-1

EMI = ₹100000 x 0.01 (1 .01)^24/[(1.01)24 - 1 ]

After calculating, the EMI = ₹4,982.46

With the above calculation, the EMI for a 1 lakh loan for 2 years at an interest rate of 12% p.a. Will approximately be ₹4,982.46.

Features & Benefits of Flipkart Personal Loan

Flipkart personal loans come with a range of features and benefits designed to meet various financial needs. Making it a convenient and attractive financing option for individuals looking to fulfil their diverse financial requirements.

These features and benefits offered by Flipkart personal loans are:

Significant Loan

Get loan amount of
₹50,000 up to 10 Lakhs.

Competitive Interest

Enjoy interest rates
ranging from 10.49% -
36.0% p.a.


Flipkart Axis Bank
personal loans do not
require collateral.

Quick Processing

Get your loan within
12 hours with minimal

No Income Proof

You can borrow
funds with no income
proof required.

Flexible Repayment

Repay your loan
effectively with a tenure of
6 to 60 months.

Steps to Apply for Flipkart Personal Loan

Easily apply for a personal loan from Flipkart by following the steps below:

  • Step 1: Download and install the Flipkart application.
  • Step 2: Click on the ‘Account Section’ and then on the ‘Personal Loan’ option.
  • Step 3: Enter your PAN number, name, date of birth, employment type, gender, pincode and email.
  • Step 4: You will then be provided with loan offers that you're eligible for.

Flipkart Personal Loan Contact Number

For any queries or complaints regarding your Flipkart Axis Bank personal loan, there is dedicated customer support to address your concerns and help you with the application process. You can contact the FAPL grievance redressal through the following ways:

Contact number: 044-45614700

Call centre numbers: 1860-419-5555, 1860-500-5555

Email address: grievances@flipkartadvanz.com or email.services@axisbank.com

For further help, you can also contact the nodal officers and the Principal nodal officer to escalate the issue, in case you are not satisfied with the solution provided to you.
You can also contact Axis Bank at 1860-419-5555 / 1860-500-5555.

Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions on Flipkart Personal loan

Yes, Flipkart in partnership with Axis Bank is offering personal loans for all eligible individuals.

The EMI for a personal loan of ₹2.5 lakhs will depend on the interest rate and the loan tenure. If the interest rate is 10.49% with a tenure of 3 years then the EMI will approximately be ₹8100.

Yes, you can get a personal loan with a salary of ₹50,000.

You need to have a minimum CIBIL score of 650 and above to be eligible for a Flipkart Axis Bank personal loan.

Indian citizens aged 21 to 55 years with a minimum monthly income of ₹20,000 and a stable employment history are eligible.

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