Amazon has tied up with Bank of Baroda for the loans, which can go up to Rs. 25 lakh.
The Indian arm of the US e-commerce giant, Amazon plans to provide unsecured micro-loans, as low as 1 lakh, at interest rates as low as 10.45-11 per cent at a short span of 3-5 days. With the Bank of Baroda tie-up, the company wants to cater to every strata of sellers.
Source- Business Line