To scale up its revenue stream from all possible measures, Bengaluru based e-commerce giant is now set to foray in the financial products segments with loan as one of the product. So, the time is not far away, when you shall be apply for loan on the Flipkart site.

As per the leading business dailies reports, earlier it was reported that the online e-commerce company is mulling talks with banks for providing loan products. And in accordance with the new development , the company is under talks with new online lending platforms for providing lending services. In line with the development, the company is know to establish a separate and dedicated team for financial services and products.

For the tie ups, startups foraying in the field of online lending are reportedly in talks with Monomita Roy Avasarala, lead product manager for fintech and consumer credit products at Flipkart.

The company apart from loan products is also considering the sale of mutual funds and insurance products on its platform. However, experts remarks that the offer for financial products will yield only smaller margins but this could be set-off with high volumes. "The margins for Flipkart on products like mutual funds through partnerships could be as low as 1%.But the fact is that Flipkart does not have the expertise in this area, which is why they will need to partner with these platforms. The advantage for them will be that products like mutual funds are sticky products, and the platform can become a one-stop place for its customers," said Srikanth Meenakshi, cofounder of online investment platform

Currently for its vendors the company already extends credit at lucrative terms in tie-ups with banks and NBFCs. On previous occasion, other e-commerce majors have also forayed into financial products offerings, for instance, Snpdeal in association with HDFC's education loan arm invested in Rupeepower, a financial services portal.

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