Manage your finances with ease using a Freo Personal Loan of up to ₹5 Lakhs, available on Bajaj Markets. The Freo Personal Loan can be used for a variety of personal expenses, related to medical emergencies, home repairs, or more. Benefit from low interest rates starting from 12% p.a. and flexible repayment options of 3 to 36 months. Applying for this loan is quite convenient and hassle-free with the completely online application process.
The interest rates and other charges of a Freo Personal Loan are as follows:
Interest Rates |
12% p.a. onwards (fixed interest) |
Processing Fee |
1% Onwards |
Preclosure Charges |
Nil |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Flexible Borrowing
Get access to a loan amount ranging from ₹5000 to ₹5 Lakhs to address your immediate financial needs
Low Interest Rates
Benefit from competitive interest rates starting at just 12% p.a. to help reduce the cost of borrowing
Interest Charged Only on the Amount Used
Interest is only charged on the amount withdrawn, helping you reduce your overall interest burden
Quick Processing
Your application is processed digitally, allowing for quick approval and access to credit
No Preclosure Fee
Close your loan at any time without incurring any additional charges to settle your debt faster without paying any extra cost
To qualify for the loan, you need to fulfil the following requirements:
You must be between the ages of 23 and 58 years
You should be a salaried individual with a minimum net in-hand income of ₹20,000
Your salary must be credited to a bank account (cash salary not accepted)
Alongside this, you may be required to furnish the following documents:
Address proof
Identity proof
Selfie
In case of any query or grievance, reach out to the customer care team of Freo. For this, send an e-mail to hello@moneytap.com. You can also check the FAQ section on the official website for any other queries you may have.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is the Freo Personal Loan?
The Freo Personal Loan is a flexible borrowing option that allows you to access funds up to ₹5 Lakhs. You can withdraw as needed and pay interest only on the amount used.
How do I apply for the Freo Personal Loan?
You can apply on Bajaj Markets through a simple online application process. Ensure you meet the eligibility criteria and have the required documents ready before applying for a smooth process.
What are the interest rates for the Freo Personal Loan?
The interest rates start from 12% p.a. onwards, with charges applicable only on the amount withdrawn.
What is the repayment tenure for the Freo Personal Loan?
The repayment tenure of the Freo Personal Loan is flexible, with options of up to 36 months.
Are there any preclosure fees for the Freo Personal Loan?
No, you can close your loan at any time without paying any preclosure fees.
