Flipkart enters personal loan business; offering Rs. 5 lakh credit
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E-commerce giant Flipkart's interest in finance has been growing steadily as it has now ventured into personal loans. The company has partnered with Axis Bank to provide a credit line of up to Rs. 5 lakh to its customers. Flipkart's new financing venture is expected to boost its sales. It is considered the beginning of Flipkart's desire to create a marketplace for loan products.