Home Retail Future Group to offer credit for purchases, ties-up with Bajaj Finance

Future Group to offer credit for purchases, ties-up with Bajaj Finance


led has entered into a tie-up with Pune based Ltd., the retail lending arm of Bajaj Finserv, to enable its customers to convert all their purchases into equated monthly instalments(EMI).

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The companies have introduced a co-branded credit card to finance purchase of anything from groceries to fashion, furniture and electronics at the Future Group’s , , , and stores.The facility will be available to customers on a minimum purchase of Rs.5,000 to up to a maximum of Rs.3 lakhs. They can pay back in a period of three months to two years.

The tie-up is a part of Biyani’s big picture goals of getting one crore customers to spend Rs 1 lakh per annum each by 2021.

“We have a vision to have one crore customers shopping for Rs.1, 00, 000 annually at our stores and this idea will make us achieve that goal. I believe Bajaj Finance Ltd is the best partner that can enable this in the quickest time possible,” Chairman, Future Group, Kishore Biyani said at a press conference held in Mumbai recently.

“The next big wave of consumption in this country will happen through credit only,” he said.