Amazon India has decided to provide collateral-free, working capital loans of up to ₹50 lakhs to their Amazon merchants via their seller's portal.
Amazon India has come into partnership with InCred to provide loans to their online retailers.
This move has come after more and more people have started shopping online due to the impacts of the COVID-19 pandemic. As the demand has increased, retailers are unable to match the demands due to financial constraints and restrictions.
To solve this problem, the e-commerce giant has decided to provide loans in order to reduce their retailers' financial burden.
Amazon India looks to provide quick, easy, and low-interest working capital loans based on revenues, with minimal documentation and flexible repayment options.
top of page